US Edition'Incompetent' Trump Slammed as Family Sees Oil Prices Soar
The waiver aims to allow foreign-flagged ships to move fuel along US coasts, potentially lowering East Coast prices by three cents per gallon, analysts say.
6 Articles
6 Articles
Trump Admin Considers Suspending 100-Year-Old Law 'Jones Act' Amid Iran Conflict and Soaring Fuel Prices
The Trump administration is actively considering a temporary waiver of the Jones Act to ease mounting pressure on energy markets and logistics as the conflict in Iran disrupts global shipping. The potential move follows a dramatic spike in crude oil prices, which have surged past $100 per barrel after threats to the vital Strait of Hormuz, a narrow waterway that serves as a critical transit point for roughly one-fifth of the world's daily oil su…
Trump weighs Jones Act waiver amid rising fuel prices, White House says – Lifts limits on the number of tankers domestic shippers can use
By Megan Cerullo, Emma Nicholson The Trump administration is prepared to waive the Jones Act to loosen shipping rules as the Iran war continues, the White House said Thursday. The 100-year-old stat…
Iran War Forces Rethink on Jones Act
Image from AustalReports last week that US President Donald Trump is considering asking Congress for a waiver to the Merchant Marine Act of 1920, more commonly known as the Jones Act mandating that cargo shipped between two US ports must be carried by ships built and primarily owned and staffed by Americans, is recognition that US shipbuilding is mostly dead and gone and has been for decades.When Trump returned to office in his second term, he l…
While the war continues in the Middle East, Donald Trump’s government is temporarily considering suspending the Jones Act to contain the escalation of fuel prices within the U.S. The exemption would enable foreign ships to transport goods between U.S. ports. The law is more than a century old.
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