Trump Renews Jones Act Waiver, Adds New Limits


   
   HOUSTON, TX (DTN) --U.S. President Donald Trump on Monday (8/10) extended a 
90-day waiver allowing foreign ships to transport oil, fertilizers, and other 
fossil fuel products between U.S. ports, a move that signals growing concern 
over prolonged energy price pressures stemming from the ongoing war with Iran.

   According to media reports, the extension takes effect August 17 and 
continues a policy first implemented by Trump on March 17, when the Jones Act 
was suspended to facilitate fuel transportation and help curb rising prices 
following the outbreak of hostilities. The Strait of Hormuz remains effectively 
closed due to the conflict.

   The Pentagon will now consult with the Maritime Administration to determine 
which voyages qualify, and exemptions will be limited strictly to energy cargo 
and agriculture-related commodities such as fertilizers and soybean oil.

   The Jones Act, enacted in 1920, normally requires goods shipped between 
American ports to travel on U.S.-built, U.S.-crewed vessels.




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