Energy & Resources
Jones Act waiver extended for US energy shipments
President Donald Trump on Monday extended for 90 days a waiver allowing foreign ships to carry oil and other commodities between US ports, with the renewed relief focused more narrowly on energy transport.
White House spokeswoman Taylor Rogers said the extension was intended to ensure the US military and key industries maintain access to critical resources. She said administration data showed the waiver had increased domestic deliveries of products including gasoline, diesel and jet fuel.
The renewed relief also calls for reviews of whether US vessels are available before deciding if the waiver applies to individual voyages.
The earlier waiver was due to expire in mid-August. The Trump administration first granted a 60-day waiver in March and extended it in late April.
The 1920 Jones Act requires cargo moved by water between US ports to be carried on vessels that are US-built, US-owned and registered under the US flag. The measure was intended to support American shipbuilding.
The extension comes as energy flows remain disrupted and costs elevated during the war involving Iran. Oil and gasoline prices in the United States have risen, and the Strait of Hormuz remains central to concerns over global energy transit.
Uncertainty notes
The exact voyages covered by the renewed waiver will depend on reviews of US vessel availability.
The supplied material does not give detailed criteria for how those vessel-availability reviews will be conducted.
Source
AFP news report published on .