Trump Exempts Enforcement of Jones Act to Curb High Oil Prices

Odaily News The Trump administration has temporarily exempted a century-old shipping mandate, the Jones Act, to reduce the transportation costs of oil, natural gas, and other commodities within the United States. This is his latest move to address rising energy prices triggered by the Iran conflict. On Wednesday, Trump authorized foreign-flagged vessels to transport a range of commodities between U.S. ports over the next 60 days. It is understood that this authorization exempts shipping requirements for certain goods, allowing foreign vessels to temporarily transport various products. According to White House officials, these products include coal, crude oil, refined petroleum products, natural gas, natural gas liquids, fertilizers, any products primarily made from refined petroleum, and other energy derivatives. However, some analysts believe that given the scale of the supply chain shock, this exemption is expected to have only a limited effect. (Jin10)