Amid heightened US-Iran war tensions, Trump extends Jones Act waiver for another 90 days: Here's what it means

The Trump administration has extended a 90-day waiver to the Jones Act, allowing foreign-flagged ships to transport oil and goods between US ports. This move comes amid heightened tensions between the US and Iran, which have disrupted global crude supplies and driven up fuel prices. The extension aims to ensure reliable access to essential resources for the US military and critical industries.

Under the new terms, each voyage by a foreign-flagged vessel must be assessed separately rather than granting broad exemptions from the Jones Act. The waiver, which was first announced in March, is one of the longest suspensions of the 1920 law to date. While industry groups support the waiver to alleviate gas price pressures, the American Maritime Partnership expressed disappointment over the extension, urging the administration to thoroughly assess the nation's maritime industry.

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