Trump extends Jones Act waiver despite mounting maritime opposition
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US President Donald Trump has extended the waiver on the Jones Act for an additional 90 days, allowing foreign-flagged vessels to transport oil and other commodities between US ports. This extension comes with increased controls after opposition from the domestic maritime sector and addresses disruptions caused by tensions with Iran.
US president Donald Trump has extended for another 90 days the unprecedented waiver allowing foreign-flagged ships to move oil and other commodities between American ports, albeit with tighter controls following fierce opposition from the domestic maritime industry. The waiver, introduced in March as the Iran war disrupted global energy flows, is already the longest suspension …
Politics Markets Commodities Energy Shipping Jones Act waiver Donald Trump maritime industry oil transport foreign-flagged ships US ports Iran tensions