A tale of two worlds

U.S. Waives Jones Act After Iran Gas Field Attack Shortly after Israeli fighter jets struck Iran's upstream oil and natural gas production assets for the first time in Operation Epic Fury, sending WTI futures to $98.5/bbl, the Trump administration appears to have pulled another emergency lever from JPMorgan's six-option playbook we recently outlined: a 60-day Jones Act waiver that allows foreign-flagged ships to transport oil, gas, refined products, fertilizer, and related energy cargoes between US ports to boost domestic energy flows and ensure shipping capacity does not become a bottleneck. Bloomberg...

Former US House Rep. Marjorie Taylor Greene on Sunday urged Vice President JD Vance and Director of National Intelligence Tulsi Gabbard to speak out against the US war against Iran, citing their previous opposition to a conflict with the Islamic Republic. “[Vance] and [Gabbard] you both need to speak out against the war in Iran. […]