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Trump extends Jones Act waiver for 90 days, narrows scope

Trump extends Jones Act waiver for 90 days, narrows scope

President Donald Trump has extended a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports for an additional 90 days, according to a report by Investing.com on August 10. However, the White House has imposed new limits on the scope of the relief, requiring individual voyages to undergo case-by-case review rather than granting blanket exemptions from the Jones Act.

The extension 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 transportation bottlenecks and keep gasoline and other energy prices from rising further. The 90-day extension ensures the U.S. military and key industries maintain uninterrupted access to critical resources, White House spokeswoman Taylor Rogers said.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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