US EditionWhite House expected to extend Jones Act waiver up to 90 days: Report
A 90-day Jones Act waiver extension permits foreign tankers to transport petroleum and fertilizer between U.S. ports, an effort to ease fuel costs.
- 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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The Northern Virginia Daily
Owensboro Messenger-InquirerWhat to know about the Jones Act as the Trump administration extends waiver for 90 days
The Trump administration said it would extend the waiver on a more than a century-old act known as the Jones Act for another 90 days as the war in Iran continues to upend energy markets and supply chains worldwide. The…
Associated Press News
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Trump extends Jones Act waiver in bid to lower fuel prices
The Trump administration announced on Friday it was issuing a 90-day extension to the Jones Act waiver, which requires shipping between U.S. ports to be conducted by American ships, in an effort to lower fuel prices. “New data compiled since the initial waiver was issued revealed that significantly more supply was able to reach U.S....
Trump extends Jones Act waiver 90 days to ease energy costs | Honolulu Star-Advertiser
President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertilizer around the United States, the White House said today, the latest effort to curb rising energy costs linked to the war with Iran.
Trump extends Jones Act waiver by 90 days to ease fuel supply and curb energy costs
To combat escalating energy expenses in the face of international turmoil, President Trump has put forth a 90-day extension of a critical shipping waiver. This initiative permits foreign ships to deliver essential commodities like oil and fertilizer across the US, with eyes on mitigating the financial strain on households.
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