Trump temporarily waives century-old shipping law amid rising fuel costs
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Amid the ongoing US and Israeli war against Iran, President Trump temporarily waived the Jones Act for 60 days. The Jones Act requires goods shipped between US ports to be carried on US-built, US-flagged, and US-owned vessels. This waiver, issued on March 18, 2026, allows foreign-flagged ships to transport cargo to US ports in an effort to lower rising fuel costs. The administration defends the move as a way to ensure vital resources flow freely, while maritime industry groups question its effectiveness, arguing that crude oil prices, not domestic shipping costs, are the primary driver of gasoline prices. Iran's counteroffensive has largely blocked shipping through the Strait of Hormuz.
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