Trump weighs temporary Jones Act waiver to cool oil prices
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.