Trump May Waive Jones Act to Ease Fuel Price Spikes
The White House may waive the Jones Act to lower fuel prices. This would allow foreign ships to move fuel between U.S. ports to ease current supply constraints.
The Trump administration is reportedly preparing to loosen century-old shipping regulations in the United States to address rising energy costs. Sources indicate that officials have advised oil companies and shipping firms to prepare for a potential waiver of the Jones Act to facilitate the movement of fuel across the country.
The move is intended to mitigate the impact of surging fuel prices following the start of the war involving Israel and Iran. While the White House has yet to issue a formal statement, an announcement regarding the regulatory relief could be made as early as Thursday.
