politics
President Waives Jones Act for Fuel Shipments
The waiver allows foreign vessels to carry fuel between U.S. ports after oil supplies were disrupted. Officials described the step as temporary and tied to price relief.
Washington ExaminerAudio version
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President Donald Trump waived the Jones Act in March to permit foreign vessels to transport fuel between U.S. ports. The action followed supply cuts linked to the Iran war. Officials stated the waiver was intended to ease fuel prices.
Prices have not declined since the waiver took effect.
Market participants have begun reassessing the long-term role of the maritime law. The Jones Act restricts domestic cargo transport to U.S.-built, U.S.-flagged, and U.S.-crewed ships. The recent waiver marks a departure from standard enforcement.
Background The law has governed U.S. maritime transport for decades.
Officials have not announced whether the waiver will be extended or made permanent.
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