Prediction market traders are pricing a 62% probability that the Trump administration removes at least one Jones Act domestic shipping requirement by June 30, a move that could hand Gulf Coast refiners like Valero Energy Corporation (NYSE:VLO) a major logistics advantage.
The Polymarket contract, which opened March 9, resolves to “Yes” if any of the century-old law’s four core restrictions are removed via legislation or executive action before the deadline.
What Happened
The White House confirmed Wednesday it is considering a temporary Jones Act waiver for energy and agricultural shipments.
Bloomberg reported the administration is developing a 30-day exemption covering oil, gasoline, diesel, LNG and fertilizer moving between U.S. ports.
The administration’s scramble to ease domestic fuel pressures comes as Brent crude briefly topped …
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