Iran War Economic Fallout

President Trump on April 24 extended a 90-day waiver of the Jones Act, letting non-U.S. ships carry oil and natural gas coastwise to U.S. ports to help blunt war-driven fuel price spikes. https://www.pbs.org/newshour/world/top-iran-diplomat-set-to-travel-to-pakistan-for-talks-on-ceasefire-with-u-s

A condom manufacturer warns supply disruptions from the Iran war could raise condom prices by as much as 30 percent. The warning, reported by CBS MoneyWatch on its Facebook page, says shipping and raw-material shortages tied to the Iran conflict are squeezing inventories and could force manufacturers to pass higher costs to retailers.

Spirit Airlines recently asked the Trump administration in Washington for an emergency bailout after fuel costs surged and financial strain threatened its operations. CBS News reported the outreach on its Facebook page, describing Spirit's request to administration officials for short-term assistance. The move underscores how volatile jet fuel and other operating costs can squeeze low-cost carriers that normally compete on thin margins.