Jones Act Waiver: White House Tries to Ease Shipping Costs as Middle East Tensions Rise
TL;DR
President Trump issued a 60-day waiver of the Jones Act to allow foreign-flagged vessels to transport cargo between U.S. ports, aiming to lower shipping costs as Iran-related conflict disrupts the Strait of Hormuz and crude prices rise; officials say the measure could help move oil, natural gas, fertilizer, and coal, but industry groups warn the impact on gasoline prices would be limited. The move accompanies a plan to release 172 million barrels from the Strategic Petroleum Reserve, while markets show mixed reactions and some shipping stocks rise.
- Trump temporarily waives century-old shipping law amid rising fuel costs Al Jazeera
- Trump waives Jones Act shipping rules for 60 days to steady oil market CNBC
- U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures The New York Times
- How Waiving the Jones Act for Oil Tankers Would Work WSJ
- US waives shipping regulation to ease fuel, fertilizer deliveries Reuters
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