The Trump administration on Wednesday announced a 60-day waiver of Jones Act shipping regulations to help ease deliveries of fuel and fertilizer to combat rising prices and supply disruptions caused by the conflict in
The Trump administration on Wednesday announced a 60-day waiver of Jones Act shipping regulations to help ease deliveries of fuel and fertilizer to combat rising prices and supply disruptions caused by the conflict in Iran.
"President Trump’s decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury," White House spokeswoman Karoline Leavitt said.
"This action will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days, and the Administration remains committed to continuing to strengthen our critical supply chains," she said.
High energy prices carry significant political risks for President Donald Trump and fellow Republicans, who have long argued that their policies would keep fuel affordable for American consumers.
U.S. gasoline prices have surged since the start of U.S. and Israeli attacks on Iran on February 28 as the conflict effectively closes the Strait of Hormuz, the outlet for around a fifth of global oil and liquefied natural gas supplies.
The conflict has also disrupted fertilizer supplies, which is a major concern for U.S. agricultural interests.
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