Trump Waives Jones Act for 60 Days—Shipping Interests Say It Won’t Help Lower Gas Prices

Stock Photo: Igor Karasi / Shutterstock

The White House has approved a 60-day Jones Act waiver, moving forward with a controversial policy that U.S. shipping interests warned just days ago would do little to lower fuel prices—and is now drawing fresh backlash from maritime labor groups.

Press Secretary Karoline Leavitt confirmed the decision Tuesday, saying the waiver is intended to mitigate short-term disruptions to the oil market as U.S. forces continue operations tied to Operation Epic Fury against Iran.

The temporary exemption allows foreign-flagged vessels to transport oil, liquefied natural gas, fertilizer, coal, and other critical commodities between U.S. ports, effectively opening domestic coastwise trade to international shipping for the next two months.

Go to this link to read the full article published by gCaptain https://gcaptain.com/trump-waives-jones-act-for-60-days-shipping-interests-say-it-wont-help-lower-gas-prices/