Will petrol get cheaper now? Why a 100-year-old US law is back in focus during US-Israel-Iran war

The war between the US-Israel and Iran has disrupted international energy markets, pushing oil prices higher and creating risks for shipping routes near the Strait of Hormuz. The temporary 60-day waiver of the Jones Act and releases from strategic reserves may ease supply pressures, but experts warn the confrontation will continue to drive market uncertainty.

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