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Monday, March 16, 2026
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Trump's proposed Jones Act waiver isn’t enough to lower gas prices
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President Donald Trump has few levers at his disposal to diminish a staggering spike in gas prices as the Iran war nears its third week. Now, he's eyeing a waiver to an obscure trade policy that will likely have limited effect in mitigating those price increases, at least on its own.
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The White House said Thursday that it could relax shipping rules under
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The Trump administration is exploring various options to provide relief at the gas pump for Americans already worn out from the rising cost of groceries, utilities and more. Putting the Jones Act on the table is the latest sign that the White House is feeling the political heat to address rising gas prices and contain the war's financial fallout.
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Can a century-old shipping law fix a modern oil shock?
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A little
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<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10439068/222404108/9364799/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwMy0xNg&x=c11b1542" target="_blank"
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Only in Washington
</a>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10439068/222404108/9364800/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwMy0xNg&x=53510f91"
target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial,Helvetica,sans-serif; font-size: 16px; border: none; display: block; ">Only in Washington</a><![endif]-->
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</div>
</div>
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<td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<td class="td100" colspan="6" style="padding:10px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold;">
<span style="font-family:Arial;font-size:24px">
Here's what you need to know
</span>
</h1>
</td>
</tr>
<tr>
<td class="snippet td100" colspan="6" style="width:100%;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<table border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;" width="100%">
<tbody>
<tr class="trpad10" style="background-color:#EFEFEF">
<td class="td100" colspan="2" style="background-color:#EFEFEF;width:33.3333%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="M. Scott Brauer/Bloomberg via Getty Images" style="color:#105C8E;" target="_blank" title="M. Scott Brauer/Bloomberg via Getty Images">
<img alt="M. Scott Brauer/Bloomberg via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2265196329.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM2NTU2NTYuNDMyODAzNn0:1w24rI:xKbH6wGQL4g3vaappwvKR5aXmlq22eYXz_D-74SewdQ" style="width:200px;max-height:338px;vertical-align:middle;border:0;" width="200"/>
</a>
</td>
<td class="td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong>
<a data-linktext="Inflation was hot even before the Iran war." data-linktype="Normal" style="color:#105C8E;" target="_blank">
Inflation was hot even before the Iran war.
</a>
</strong>
The PCE price index, the Fed’s preferred inflation measure, rose 0.3% in January. Strip out food and energy, and the core reading came in at 3.1% from a year ago — well above the
Fed's 2% target.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
<!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
</td>
</tr>
<tr class="trpad10" style="background-color:#EFEFEF">
<td class="td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:top;width:33.3333%;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Genaro Molina/Los Angeles Times via Getty
Images" style="color:#105C8E;" target="_blank" title="Genaro Molina/Los Angeles Times via Getty Images">
<img alt="Genaro Molina/Los Angeles Times via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Fus%2520economy%2520gdp%2520shipping.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM2NTU2NTYuNDMyOTMzM30:1w24rI:Mr8E7TrPpjLcdNyky_v4XSs6HMYOGiukSidMpkd3t7s" style="width:200px;max-height:338px;vertical-align:middle;border:0;" width="200"/>
</a>
</td>
<td class="td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong>
<a data-linktext="The U.S. economy limped to the end of 2025." data-linktype="Normal" style="color:#105C8E;" target="_blank">
The U.S. economy limped to the end of
2025.
</a>
</strong>
It grew at an annual rate of 0.7% in the fourth quarter of 2025, according to a revised estimate from the Bureau of Economic Analysis — a downward revision of 0.7 percentage point from the agency's earlier reading.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
<!--[if mso]><img src="//editor.ne16.com/spacer.gif"
style="mso-hide:all;border:0;"><![endif]-->
</td>
</tr>
<tr class="trpad10" style="background-color:#EFEFEF">
<td class="td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:top;width:33.3333%;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="The Strait of Hormuz. (Photo by FADEL SENNA / AFP via Getty Images)" style="color:#105C8E;" target="_blank" title="The Strait of Hormuz. (Photo by FADEL SENNA / AFP via Getty Images)">
<img alt="The Strait of Hormuz. (Photo by FADEL SENNA / AFP via Getty Images)" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Fstrait%2520of%2520hormuz.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM2NTU2NTYuNDMzMDYzNX0:1w24rI:-Ss0A0wNmJ8ZKmdFEVU_k3YvBetGqvJBmxjb1eMXkH0" style="width:200px;max-height:338px;vertical-align:middle;border:0;" width="200"/>
</a>
</td>
<td class="td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong>
<a data-linktext="Pete Hegseth dismisses Strait of Hormuz fears." data-linktype="Normal" style="color:#105C8E;" target="_blank">
Pete Hegseth dismisses Strait of Hormuz fears.
</a>
</strong>
Brent crude pulled back to about $99 a barrel Friday morning, but the Defense Secretary claimed people “don't need to worry” about the crucial waterway as the war has no end in
sight.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
<!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
</td>
</tr>
<tr class="trpad10" style="background-color:#EFEFEF">
<td class="td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:top;width:33.3333%;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Kaveh Kazemi/Getty Images" style="color:#105C8E;" target="_blank" title="Kaveh Kazemi/Getty Images">
<img alt="Kaveh Kazemi/Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2265406584.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM2NTU2NTYuNDMzMjE5NH0:1w24rI:MrZhYSFHwDHfc_dOhgDGLHXGTHBswAbPRzEO0f2LK0s" style="width:200px;max-height:338px;vertical-align:middle;border:0;" width="200"/>
</a>
</td>
<td class="td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong>
<a data-linktext="Goldman says March oil has a $100 problem." data-linktype="Normal" style="color:#105C8E;" target="_blank">
Goldman says March oil has a $100 problem.
</a>
</strong>
The bank said Brent crude prices will average above $100 in March, turning a week of ugly oil spikes into a forecast that assumes the pain is sticking
around.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
<!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
</td>
</tr>
<tr class="trpad10" style="background-color:#EFEFEF">
<td class="td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:top;width:33.3333%;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Brandon Bell/Getty Images" style="color:#105C8E;" target="_blank" title="Brandon Bell/Getty Images">
<img alt="Brandon Bell/Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Fhonda.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM2NTU2NTYuNDMzMzc5NH0:1w24rI:A0qdcFHNKvqMq0y76PknfleVIy9q50vszwAgw-afP0Y" style="width:200px;max-height:338px;vertical-align:middle;border:0;" width="200"/>
</a>
</td>
<td class="td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong>
<a data-linktext="Honda scraps EV models and braces for its first loss since 1957" data-linktype="Normal" style="color:#105C8E;" target="_blank">
Honda scraps EV models and braces for its first loss since 1957
</a>
.
</strong>
The Japanese automaker cited slowing EV demand, U.S. tariff pressure, and lost ground in China as it pivots back toward hybrids.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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</table>
</td>
</tr>
<tr>
<td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<tr class="trpad10">
<td class="td100" colspan="6" style="padding:10px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold;">
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Recommended
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Is your company one of the best places to work?
Prove it.
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We're accepting nominations for our
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Register by May 8 to be considered.
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<a aria-label="Linked image" style="color:#105C8E;" target="_blank">
<img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2219787320.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzM2NTU2NTYuNDMzNTE3fQ:1w24rI:3OEEr00xoHqfQ590KAMXTisVP0IkHmiiijXrKwwx6aQ" style="width:600px;max-height:338px;vertical-align:middle;border:0;" width="600"/>
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Meta’s latest AI fruit is ripening on company time. The New York Times reported Thursday that Meta has pushed back Avocado — the text model meant to headline CEO Mark Zuckerberg’s latest and greatest AI reset — from a planned March debut to at least May after internal testing showed it trailing the leading systems from Google, OpenAI, and Anthropic on, essentially, everything:
reasoning, coding, and writing.
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That’s another ugly moment for a company that has spent lavishly to convince investors, employees, and Silicon Valley that it could buy its way back into the front rank of AI. In January, Zuckerberg told investors that Meta’s first new models would be “good” and would show the “rapid trajectory” the company was on. That same month, the company said it expects 2026 capital expenditures of $115 billion to $135 billion, with the increase driven in part by Meta Superintelligence Labs. But
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The Times, citing unnamed sources familiar with the matter, reported that Avocado currently lands somewhere between Google’s Gemini 2.5 and Gemini 3. That’s a rough place to end up after months and months of buildup because it suggests no real progress on the one thing this project was supposed to do: make AI people talk about the company as a peer again.
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