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Trump Weighs Extension of Jones Act Waiver to Sustain US Oil Shipments
(MENAFN) US President Donald Trump is reportedly considering prolonging a temporary exemption from a long-standing maritime regulation in order to maintain increased oil movement between American ports amid the ongoing Iran conflict, according to reports citing US officials.
The measure relates to the Jones Act, a law enacted in 1920 that mandates all cargo transported between US ports must be carried on vessels that are built, owned, and operated by American crews.
A 60-day waiver was introduced on March 18 as fuel prices climbed in connection with the Iran war. The move was intended to ease pressure on domestic supply chains and help stabilize energy costs across the country.
Since the waiver came into effect, data shared with reports indicates that dozens of foreign-flagged tankers have been used to move oil between ports across several US states, including California, Texas, Florida, and Alaska. This has significantly expanded the operational shipping capacity.
According to administration figures, roughly 9 million barrels of oil have been transported under the temporary exemption so far.
The broader regional conflict has intensified since a joint US-Israeli military action against Iran on February 28, which has also contributed to disruptions in maritime traffic through the Strait of Hormuz.
The measure relates to the Jones Act, a law enacted in 1920 that mandates all cargo transported between US ports must be carried on vessels that are built, owned, and operated by American crews.
A 60-day waiver was introduced on March 18 as fuel prices climbed in connection with the Iran war. The move was intended to ease pressure on domestic supply chains and help stabilize energy costs across the country.
Since the waiver came into effect, data shared with reports indicates that dozens of foreign-flagged tankers have been used to move oil between ports across several US states, including California, Texas, Florida, and Alaska. This has significantly expanded the operational shipping capacity.
According to administration figures, roughly 9 million barrels of oil have been transported under the temporary exemption so far.
The broader regional conflict has intensified since a joint US-Israeli military action against Iran on February 28, which has also contributed to disruptions in maritime traffic through the Strait of Hormuz.
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