Trump allows foreign ships between domestic ports to stabilise petrol costs amid Iran war
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Amid escalating conflict with Iran and subsequent disruptions to global oil supply, President Trump has temporarily suspended the Jones Act for 60 days. The Jones Act requires goods shipped between US ports to be transported on American-built and operated vessels. This waiver allows foreign-flagged tankers to transport energy products like oil, natural gas, fertilizer, and coal between US ports. The White House stated the decision aims to mitigate short-term disruptions to the oil market caused by the closure of the Strait of Hormuz due to the US-Israeli offensive against Iran. The suspension is intended to ensure the free flow of vital resources to US ports during this period of instability.
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