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White House expected to extend Jones Act waiver up to 90 days: Report
The waiver has let about 40 foreign tankers move 9 million barrels of oil between U.S. ports, White House data showed.
- President Donald Trump is considering extending the Jones Act waiver for another 90 days to ease fuel prices that spiked following the war in Iran, Axios reported on Wednesday.
- Following fuel price spikes caused by the Middle East crisis and de facto closure of the Strait of Hormuz, President Trump issued an initial 60-day waiver on March 18.
- Since the waiver took effect, 40 foreign-flagged tankers have delivered about nine million barrels of petroleum between United States ports, boosting the available fleet by 70%.
- Aaron Smith, president and CEO of the Offshore Marine Services Association, warned the extension "sells out our American maritime industry" to benefit foreign shippers and undermines national security.
- White House Press Secretary Karoline Leavitt stated the move mitigates short-term oil market disruptions as the military continues meeting objectives for Operation Epic Fury.
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White House expected to extend Jones Act waiver up to 90 days, sources say
The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision.
·United Kingdom
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Trump Weighs Extending the Jones Act Waiver to Ease Fuel Prices
U.S. President Donald Trump is considering extending the two-month waiver of the Jones Act to ease fuel prices that have spiked following the war in Iran, Axios reported on Wednesday, citing U.S. officials. The Merchant Marine Act of 1920, also known as the Jones Act, requires that no vessel may transport any merchandise by water, by land and water, or via a foreign port, for any part of the transportation, between points in the United States, u…
·London, United Kingdom
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Total News Sources14
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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