Trump extended the Jones Act waiver for another 90 days, keeping foreign-flagged tankers eligible to move oil between U.S. ports. Voyages still need individual approval: 48 granted since August vs ~300 earlier. #JonesAct# #Oil# #Shipping#

US diesel curbs risk global shock Restricting US #diesel# exports could lower prices temporarily across parts of the domestic market, but the effects would extend well beyond American shores. Europe and Latin America would lose a major source of supply, intensifying competition for barrels from alternatives such as India and pushing international prices higher. Within the US, depleted East Coast inventories would still require logistical support, including continued Jones Act flexibility. A full ban could also weaken refinery margins and prompt run cuts. Any domestic price relief may therefore prove temporary, with prices potentially rising again once the US returns to the global market. Stay ahead of the market with #Kpler# Insight:

The U.S. and the rest of the world have depleted most emergency reserves; a gas tax holiday is unlikely because it requires approval from a splintered Congress; U.S. refiners already are churning out products near all-time highs; and the Jones Act has been waived.