Close Menu
    What's Hot

    Liverpool sack Arne Slot after disastrous Premier League title defence | Football News

    Is a Canadian Car the Answer to Trump’s Tariffs? The Bricklin Shows the Risks.

    Five Miners Are Rescued After Week Trapped in Flooded Laos Cave

    Facebook X (Twitter) Instagram
    Trending
    • Liverpool sack Arne Slot after disastrous Premier League title defence | Football News
    • Is a Canadian Car the Answer to Trump’s Tariffs? The Bricklin Shows the Risks.
    • Five Miners Are Rescued After Week Trapped in Flooded Laos Cave
    • Expect surprises from PSG, Arsenal in Champions League final
    • England vs India: Nasser Hussain confused by Charlotte Edwards’ side’s selection in 38-run defeat | Cricket News
    • 2026 NBA Western Conference Finals odds, predictions: Spurs vs. Thunder picks by expert on 140-97 roll
    • Do You Actually Need to Pay for Transcription Software?
    • May full moon: A rare blue ‘micromoon’ will appear in the sky tonight. Here’s the best time to see it
    interluknewsinterluknews
    • Home
    • Business
      • Corporate News
      • Industry Insights
      • Startups & Entrepreneurship
      • Technology & Innovation
    • Economy
      • Economic Policy
      • Financial Analysis
      • Inflation & Interest Rates
      • Trade & Markets
    • Global
      • Conflicts & Security
      • Diplomacy
      • Global Trends
      • International Affairs
    • Lifestyle
      • Fashion
      • Food & Dining
      • Personal Development
      • Travel
    • Opinion
      • Columns
      • Editorials
      • Expert Opinions
      • Reader Voices
    • More
      • Politics
        • Elections
        • Government & Policy
        • International Relations
        • Political Analysis
      • Sports
        • Cricket
        • Football / Soccer
        • International Sports
        • Local Sports
      • Technology
        • Artificial Intelligence
        • Cybersecurity
        • Gadgets & Reviews
        • Tech News
      • South Africa News
    Facebook X (Twitter) Instagram
    interluknewsinterluknews
    International Affairs

    Trump government extends Jones Act waiver by 90 days to dampen oil prices | Shipping News

    adminBy adminApril 24, 2026No Comments4 Mins Read
    Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
    Trump government extends Jones Act waiver by 90 days to dampen oil prices | Shipping News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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.

    Published On 24 Apr 202624 Apr 2026

    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.

    Recommended Stories

    list of 4 itemsend of list

    The Jones Act requires that goods hauled between US ports be moved on US-flagged vessels. Passed in 1920, this law aims to protect the US shipping sector, but it has also faced criticism over the years for slowing the delivery of goods, including critical aid during times of crisis.

    In March, the White House said it would suspend Jones Act requirements for 60 days, in a measure amid wider efforts to counter steep oil prices and cargo disruptions due to the war. The Jones Act is often blamed for making gas, in particular, more expensive. Still, several analysts and industry groups say this waiver will do little to ease consumers’ fuel bills today.

    The Center for American Progress estimated in March that waiving the Jones Act would decrease East Coast gas prices by a modest 3 cents, but potentially raise costs on the Gulf Coast. And the move “would also sideline American shipbuilders and workers and allow the oil industry to continue to profit from high prices while reducing transport costs”, the research and policy think tank said.

    White House spokeswoman Taylor Rogers confirmed on Friday that Trump had issued the extension.

    “This waiver extension provides both certainty and stability for the US and global economies,” Rogers said.

    The administration is taking the step of extending the waiver three weeks before its expiration to allow ample time for the maritime industry to ensure sufficient vessels are available, in order to keep moving applicable goods to where they are needed, a White House official said.

    The Jones Act has long been a flashpoint between competing economic and national security priorities. Supporters, including US shipbuilders, maritime unions and a number of lawmakers, argue the law is critical to maintaining a domestic shipping industry and merchant marine that can support military logistics and national security.

    But critics – including energy producers, refiners and agricultural groups – say the requirement to use US-built and -crewed vessels sharply raises shipping costs and limits capacity, particularly during disruptions, driving up prices for fuel and other goods.

    “This extension of an already historically long and ineffective Jones Act waiver is not only an affront to hundreds of thousands of hardworking Americans who put this country first every single day, it sabotages President Trump’s agenda to restore American maritime dominance,” said Jennifer Carpenter, president of the American Maritime Partnership.

    Falling approval

    Recent polling suggests Trump and Republicans losing ground on the economy – once a core political strength – with approval of his economic handling falling sharply and rising gasoline prices weighing heavily on public sentiment.

    Some 77 percent of registered voters in a Reuters/IPSOS poll, which concluded early this week, said Trump bears at least a fair amount of responsibility for the recent rise in gas prices, which was prompted by his decision to launch a war, together with Israel, on Iran.

    The view was widely shared across the political spectrum, with 55 percent of Republican voters, 82 percent of independents and 95 percent of Democrats pinning blame on the president for the higher costs.

    Trump has said crude and gasoline prices are likely to fall once the Iran conflict subsides, but analysts caution that costs could remain elevated even after hostilities end, as supply disruptions, higher shipping costs and a lingering geopolitical risk premium continue to ripple through global energy markets.

    Act dampen days extends government Jones news oil prices Shipping Trump waiver
    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Previous ArticleIran and U.S. Blockades in the Strait of Hormuz: What to Know
    Next Article Appeals Court Says Trump’s Ban on Asylum Claims at Border Is Illegal
    admin
    • Website

    Related Posts

    Liverpool sack Arne Slot after disastrous Premier League title defence | Football News

    May 30, 2026

    England vs India: Nasser Hussain confused by Charlotte Edwards’ side’s selection in 38-run defeat | Cricket News

    May 30, 2026

    Is JD Vance the 2028 Front Runner? Trump Has Questions.

    May 30, 2026
    Leave A Reply Cancel Reply

    Demo
    Latest Posts

    Liverpool sack Arne Slot after disastrous Premier League title defence | Football News

    Is a Canadian Car the Answer to Trump’s Tariffs? The Bricklin Shows the Risks.

    Five Miners Are Rescued After Week Trapped in Flooded Laos Cave

    Expect surprises from PSG, Arsenal in Champions League final

    Latest Posts

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Advertisement
    Demo

    We are a digital news platform delivering timely, accurate, and insightful coverage of politics, global affairs, business, economy, sports, and more. Our mission is to keep readers informed with reliable news, clear analysis, and stories that truly matter.
    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Type above and press Enter to search. Press Esc to cancel.

    Powered by
    ...
    ►
    Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
    None
    ►
    Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
    None
    ►
    Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
    None
    ►
    Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
    None
    ►
    Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
    None
    Powered by