Trump waives Jones Act for 60 days to ease energy prices amid Iran tensions
TL;DR
The White House issued a 60-day suspension of the Jones Act to allow foreign-flag ships to move goods between U.S. ports, aiming to ease bottlenecks and lower energy prices tied to the Iran conflict. The temporary waiver is meant to improve supply for oil, natural gas, fertilizer, and coal while markets stabilize, though it may anger U.S. shipyards and operators; past presidents have used similar waivers during disruptions, and the move is described as a short-term measure under Operation Epic Fury.
- Trump temporarily waives shipping restrictions amid surging oil and gas prices Politico
- Trump waives U.S. shipping law for 60 days to steady oil market CNBC
- U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures The New York Times
- Trump Waives US Shipping Law For Oil and Gas In Bid to Lower Prices Bloomberg.com
- What to know about the Jones Act as Trump considers a waiver during the Iran war AP News
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