Trump extends Jones Act waiver for 90 days, narrows scope
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President Donald Trump extended the Jones Act waiver for 90 days, narrowing its scope to allow limited foreign-flagged ships to transport oil and commodities between US ports. The extension comes amid disruptions in global crude flows due to the Iran conflict, affecting the domestic maritime industry.
US President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between US ports but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry, the White House said. The extension, finalised on Monday, comes as the war with Iran disrupts global crude flows and pushes up fuel costs, increasing pressure on the administration to find ways to ease transport...