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US Waives 60-Day Index of Shipping Restrictions to Lower Gas Prices
6 articles |
Updated 5h ago |
Created 12h ago
The Trump administration announced a temporary 60-day waiver of the century-old maritime shipping requirements known as the Jones Act aimed at easing rising energy prices driven by ongoing U.S.-Israel war against Iran. This move allows foreign-flagged ships to transport oil, gas
Key Points
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1The US government is waiving restrictions on foreign-flagged ships to temporarily lower fuel and fertilizer prices.
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2This waiver applies specifically under the century-old Jones Act, which currently mandates domestic shipping for certain goods.
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3Administration officials cite an ongoing war with Iran as a primary driver causing energy market disruptions worldwide.
Developments
[Mar 19]
US waives Jones Act regulation to ease fuel and fertilizer deliveries (Nst.com.my)
[Mar 18, '23:54']
Trump unveils a temporary waiver of the Jones Act amid Iran war tensions.
Trump waives Jones Act shipping restrictions in latest bid to ease gas prices
Krdo
12h ago
The Trump White House has temporarily waived key limits on shipping between U.S. ports for 60 days by allowing foreign-flagged vessels under its Jones Act waiver program amid rising energy costs caused largely by Iran's closure of the Strait of Hormuz, which controls about one-fifth of global oil supply and remains too dangerous to navigate safely at this time in response to ongoing conflict with Tehran.