President Donald Trump has extended a waiver of the century-old Jones Act for 90 days, allowing foreign-flagged vessels to transport fuel and other goods between U.S. ports in order to ease price pressures triggered by the Iran war and disruptions in the Strait of Hormuz.
White House assistant press secretary Taylor Rogers said in a social media post on April 24 that “new data compiled since the initial waiver was issued revealed that significantly more supply was able to reach U.S. ports faster,” adding the extension would provide “certainty and stability” for the U.S. and global economies.
Trump first issued a 60-day waiver in March, with White House press secretary Karoline Leavitt saying at the time that the move was one among several that the administration was taking to mitigate disruptions to the oil market amid the U.S.–Israeli military campaign against Iran, which led Tehran to retaliate by restricting maritime traffic through the Strait of Hormuz, a key global energy shipment chokepoint….