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Trump extends Jones Act waiver for another 90 days
President Trump is extending a waiver of the Jones Act for another 90 days in a bid to lower fuel prices as the war in Iran stretches into its second month, White House press secretary Taylor Rogers said in a statement on X on Friday.
The law requires that goods shipped between U.S. ports be carried on vessels that are U.S.-built, -flagged and -crewed. Mr. Trump initially waived the act on March 18 for 60 days to ease energy prices as the war cut off one-fifth of the world's oil supply, causing energy costs to soar.
The extension will begin at 12 am ET on May 18, the White House confirmed to CBS News.
Trump government extends Jones Act waiver by 90 days to dampen oil prices
Move is part of a broader US push to curb politically sensitive fuel price spikes before November’s midterm elections, even though impact on lowering fuel prices is questionable.
United States President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertiliser around the US, the White House has said, the latest effort to curb rising energy costs linked to the war with Iran.
Friday’s move, even though its impact on lowering prices is questionable, reflects a broader push by the White House to dampen politically sensitive fuel price spikes before November’s midterm elections, where affordability is expected to be a defining issue for voters.
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