US EditionTrump Waives Jones Act Shipping Restrictions in Latest Bid to Ease Gas Prices
The 60-day waiver aims to ease supply chains amid soaring energy and agricultural costs linked to Iran conflict, potentially offsetting 3 to 10 cents per gallon increase, experts say.
- On Wednesday, President Donald Trump announced a 60-day waiver of the Jones Act allowing foreign-flagged vessels to move fuel, fertilizer and other goods between U.S. ports.
- Shipping disruptions in the Strait of Hormuz have sharply reduced tanker traffic since February 28, with about 90 ships passing, 20 attacked, and more than 400 vessels stranded amid Iran's blockade.
- Analysts at the Center for American Progress estimated last week a waiver would cut East Coast gas prices by 3 cents, while De Haan estimated 3 to 10 cents per gallon, with AAA data showing prices at $3.84.
- Market reactions were mixed, with shipping stocks up and major U.S. indices down; shares for Maersk rose 2.5 percent and Hapag-Lloyd AG climbed 2.6 percent, while Nasdaq and S&P 500 fell 0.5 percent and Dow Jones Industrial Average dropped 0.8 percent.
- Administration actions including sanctions easing and strategic releases seek to boost supply, with plans to release 172 million barrels from the U.S. Strategic Petroleum Reserve and 400 million barrels by the International Energy Agency.
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95 Articles
Los Angeles Times
While the U.S. and Israel war against Iran continues to disrupt energy markets and supply chains around the world, the Trump administration claims it will temporarily suspend shipping requirements under a more than a century-long law known as the Jones Act.
BREAKING: Trump issues 60-day waiver on Jones Act, long seen as increasing prices for Guam
President Donald Trump, in a bid to steady rising oil prices from the Iran war, issued a 60-day waiver on the Jones Act, a federal law long believed as stymying the import of goods to Guam and the territories and…
President Trump Waives The Jones Act For 60 Days
The Jones Act is a domestic maritime shipping law that requires all ships engaged in domestic waterborne trade in the United States to be registered under the American flag and to be American-manufactured, owned, and crewed. At its core, the Act was established for national security, to create and maintain a fleet of auxiliary vessels to support the Navy during times of war. Furthermore, because it was enacted immediately after World War I, the …
Charleston Gazette-Mail
The American Waterways Operators Issues Statement on 60-day Jones Act Waiver Announcement
ARLINGTON, Va., March 18, 2026 /PRNewswire/ -- The American Waterways Operators, the national trade association of the American tugboat, towboat and barge industry, today released the following statement on the Trump Administration's announcement of its decision to issue a 60-day…
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