Trump Administration Explores Jones Act Waiver to Reduce Oil Prices, Per Report
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Trump Admin Weighs Waiving Jones Act to Combat Soaring Oil Prices
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News18•12-03-2026, 21:40
Trump Admin Weighs Waiving Jones Act to Combat Soaring Oil Prices
•Trump administration considers temporary waivers for the 100-year-old Jones Act to ease surging oil prices, as per a Bloomberg report.
•The Jones Act mandates US-built, owned, crewed, and registered ships for transporting goods between US ports.
•White House Press Secretary Karoline Leavitt confirmed the consideration, citing national defense and free flow of vital energy products.
•30-day waivers would allow foreign-flagged tankers to move fuel from the Gulf Coast to East Coast refineries, boosting supplies.
•This move comes amidst rising crude and gasoline prices due to the war in Iran, following a 172 million barrel release from the Strategic Petroleum Reserve.
