Trump Weighs Extension of Jones Act Waiver
The suspension targets the Jones Act — a 1920 law mandating that cargo transported between American ports be carried exclusively aboard US-built, US-owned, and US-crewed vessels.
Trump granted a 60-day waiver on March 18 as fuel prices surged in the wake of the Iran conflict, seeking to relieve pressure on domestic supply chains and bring energy costs under control. Since the waiver came into effect, White House data shared with media shows that 40 foreign-flagged tankers have ferried oil between ports stretching from California to Texas, Florida, and Alaska — effectively expanding the active tanker fleet by approximately 70%. Administration figures place total oil moved under the waiver at roughly 9 million barrels.
The crisis traces back to February 28, when Israel and the US launched a joint strike on Iran, triggering disruptions to shipping traffic through the strategically critical Strait of Hormuz and sending shockwaves through global energy markets.
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