Politics1 min read

Trump extends shipping law waiver for 90 days amid Iran war fuel price rise

By · Via Middle East Eye · Published by Everything Blog

In short

The administration first issued a blanket waiver of the century-old Jones Act in March, one month after initiating the conflict with Iran, and previously extended the measure in August. Permitting foreign-flagged vessels to operate between domestic ports is intended to offset surging commodity costs. White House figures indicate the policy has already enabled the transport of an additional 90 million barrels of petroleum between U.S. ports. Most of those moved shipments have consisted of refined petroleum products.

Key points

  • An additional 90 million barrels of petroleum have been transported between domestic port…: An additional 90 million barrels of petroleum have been transported between domestic ports since the original March waiver.
  • The majority of the oil shipments carried under the maritime waiver have consisted of ref…: The majority of the oil shipments carried under the maritime waiver have consisted of refined products.
  • This 90-day extension marks the latest federal effort to stabilize domestic fuel supplies…: This 90-day extension marks the latest federal effort to stabilize domestic fuel supplies disrupted by the war on Iran.

Sources checked by our analysis pipeline: 1

US President Donald Trump has extended by 90 days a waiver of a shipping law so that foreign-flagged ships can transport oil and other commodities between US ports, a White House official said on Friday.

The administration would extend the waiver of the more than 100-year-old Jones Act, Reuters reported, citing industry sources.

The administration issued a blanket waiver in March, a month after the US launched its war on Iran, in an effort to lower oil and fuel prices.

When it extended the waiver in August, it said it would decide cases on a case-by-case basis, a condition that also applies to the latest extension.

The Jones Act requires cargo moving between US ports to be carried on ships built in the US, owned by US companies, and crewed by American workers. The waiver aims to lower gasoline, diesel, and fertiliser prices, which have risen because of the war.

Since March, an additional 90 million barrels of petroleum, mostly refined products, have been shipped between US ports under the waiver, the White House said.

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