Trump weighs temporary Jones Act waiver to cool oil prices
TL;DR Summary
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.
- Trump admin could suspend a century-old law in bid to curb oil prices Euronews.com
- Opinion | Three cheers for scuttling the Jones Act The Washington Post
- US to Ease Shipping Rule in Bid to Tame Spiraling Fuel Prices Bloomberg.com
- White House considers waiving maritime commerce restrictions as fuel prices skyrocket Politico
- Trump’s next move to stop oil’s surge may involve a shipping law from 1920 MarketWatch
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