All articles tagged with #jones act
Trump extends the Jones Act waiver for 90 days to help stabilize energy prices amid Iran-related disruption, noting that 40+ tankers have used the waiver and more than 9 million barrels of U.S. oil have reached domestic ports, while critics say the move benefits oil traders more than consumers and could undermine the domestic maritime industry.
California has revived a century-old tactic by allowing foreign-registered oil ships to move fuel between U.S. ports under a Jones Act waiver to boost supply amid a lack of interstate pipelines, a move the Trump administration says could lower gas prices; nine shipments have already arrived in Los Angeles and Martinez with more planned, while Gov. Gavin Newsom has opposed pipeline openings on environmental grounds and the waiver runs through May 17 with possible extension.
President Trump temporarily waives the Jones Act for 60 days, allowing foreign-flagged ships to move goods between US ports to ease transport costs for energy and fertilisers as markets react to disruptions tied to the US-Israel–Iran tensions; the goal is to boost supply and potentially lower costs, but critics say relief may be limited and could affect American workers. Analysts expect only a modest pump-price impact (a few cents per gallon), while broader measures—sanctions tweaks and a large oil-reserve release—are being pursued to stabilize markets.
The White House will temporarily suspend Jones Act requirements for 60 days to address oil-price spikes and supply disruptions tied to the Iran war, a move analysts say may have limited impact on pump prices and could sideline American shipyards and workers.
Oil prices climbed toward $110 a barrel as Israel and Iran threatened more attacks on petroleum facilities, with gas averaging about $3.84 a gallon nationally—roughly 32% higher than a month earlier—despite President Trump’s suspension of the Jones Act intended to ease shipping.
President Trump issued a 60-day waiver of the Jones Act to let foreign-flag ships move fuel between U.S. ports in an effort to lower energy costs, as gas and diesel prices rise; experts say the savings are likely small and the administration also eased sanctions on Venezuela to boost oil supply.
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.
President Trump issued a 60-day waiver of the Jones Act to allow more international tankers to move oil, natural gas, fertilizer, and coal between U.S. ports in an effort to stabilize oil markets amid Iran-related disruptions; experts caution the impact may be limited by refinery configurations and domestic production.
Trump issued a 60-day waiver of the Jones Act to allow non-U.S.-built ships to move cargo between U.S. ports, aiming to ease fuel and goods flows amid tensions near the Strait of Hormuz. Analysts say the move may have only a modest effect on gasoline prices, which have risen, while oil futures stay elevated as the conflict and related disruptions persist. The administration argues the measure strengthens critical supply chains and energy security, even as broader tensions and continued stockpile releases shape the market.
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.
President Trump issued a 60-day waiver of the Jones Act to allow foreign-flagged tankers to carry fuel to U.S. refineries, aiming to ease supply disruptions amid Iran-related tensions. The move is described by the White House as boosting flow of vital resources, and it is the broadest Jones Act waiver in years, but analysts say near-term price effects may be modest. Oil prices rose on geopolitical developments, while Kinder Morgan (KMI), the largest U.S. tanker operator, traded lower as investors reassessed the policy’s impact on shipping costs and contracts.
Oil prices rose after Iran said U.S. and Israeli strikes hit a key natural gas field and the Trump administration granted a 60-day Jones Act waiver to allow foreign ships to carry fuel to U.S. ports; Brent traded near $110 a barrel and WTI around $98, with analysts noting the waiver is unlikely to have an immediate impact and ongoing Gulf tensions keep supply risks elevated.
The Trump administration is reportedly considering a 30-day waiver of the Jones Act to allow foreign-flagged tankers to move cargo between US ports and help refineries amid oil prices above $100 a barrel, aligning with other moves like coordinated SPR releases with G7/IEA. The Jones Act keeps domestic shipments to US-built/owned/flagged vessels, so waivers could cut costs but are politically sensitive due to maritime unions; previous waivers occurred in 2021 and 2022.
The White House is considering a limited 30-day waiver of the Jones Act to allow more flexible movement of energy products between U.S. ports, a move that could provide some relief to gasoline prices, though experts say any impact would likely be modest amid broader supply- and market-driven factors, including Iran-related disruptions and a planned release from the Strategic Petroleum Reserve.
The White House is reportedly considering a temporary waiver of the Jones Act to allow energy and agricultural cargo to move between U.S. ports using non-U.S.-flag vessels amid soaring fuel prices tied to the Iran conflict and disruption in the Strait of Hormuz. The move would be limited and not finalized, aimed at preventing supply disruptions while the administration also released 172 million barrels from the Strategic Petroleum Reserve and faces political pressure over prices.