Temporary Shipping Rule Relief May Continue to Back US Oil Transport
The exemption applies to the Jones Act, a law enacted in 1920 that mandates goods shipped between US ports must be carried on vessels that are built, owned, and operated by Americans.
As stated by reports, Trump initially authorized a 60-day waiver on March 18 in response to climbing fuel costs associated with the Iran war. The goal was to reduce supply constraints and help bring stability to energy prices nationwide.
Data from the administration, as cited in reports, shows that since the waiver was implemented, around 40 foreign-flagged oil tankers have been used to transport oil between US ports, including routes from California to Texas, Florida, and Alaska. This shift has effectively increased the operational shipping capacity by about 70%.
Figures released by officials indicate that nearly 9 million barrels of oil have been distributed under this temporary measure.
The tensions in the Middle East intensified after Israel and the United States carried out a coordinated strike on Iran on Feb. 28, which disrupted maritime traffic through the strategically significant Strait of Hormuz.
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