InternationalNewsAPI
Iran war: What’s the Jones Act, and why has Trump suspended it for 60 days? - Al Jazeera
Overview
President Donald Trump temporarily waived the century-old Jones Act for 60 days, allowing foreign-flagged vessels to transport oil, gas and other commodities between U.S. ports. The administration says the move is intended to reduce domestic transport costs and help lower energy prices amid disruptions tied to the Iran war. The waiver is being implemented alongside other measures — including Strategic Petroleum Reserve releases, a $20 billion maritime reinsurance program, and eased Venezuela oil sanctions — aimed at keeping fuel flowing and stabilizing markets. Analysts caution the domestic waiver may ease distribution bottlenecks but cannot by itself resolve international security risks that are constraining global shipping.
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ORGTrump administrationORGAl JazeeraLOCUnited States
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