US EditionUS Poised to Waive Summer Gasoline Regulations to Ease Prices, Sources Say
The 60-day waiver aims to ease supply chains amid soaring energy and agricultural costs linked to Iran conflict, potentially offsetting 3 to 10 cents per gallon increase, experts say.
- On Wednesday, President Donald Trump announced a 60-day waiver of the Jones Act allowing foreign-flagged vessels to move fuel, fertilizer and other goods between U.S. ports.
- Shipping disruptions in the Strait of Hormuz have sharply reduced tanker traffic since February 28, with about 90 ships passing, 20 attacked, and more than 400 vessels stranded amid Iran's blockade.
- Analysts at the Center for American Progress estimated last week a waiver would cut East Coast gas prices by 3 cents, while De Haan estimated 3 to 10 cents per gallon, with AAA data showing prices at $3.84.
- Market reactions were mixed, with shipping stocks up and major U.S. indices down; shares for Maersk rose 2.5 percent and Hapag-Lloyd AG climbed 2.6 percent, while Nasdaq and S&P 500 fell 0.5 percent and Dow Jones Industrial Average dropped 0.8 percent.
- Administration actions including sanctions easing and strategic releases seek to boost supply, with plans to release 172 million barrels from the U.S. Strategic Petroleum Reserve and 400 million barrels by the International Energy Agency.
152 Articles
152 Articles
Trump orders Jones Act waiver amid Iran war
As the U.S.-Israeli war against Iran continues and the movement of oil through the Strait of Hormuz remains almost completely cut off amid Iranian counterattacks against oil infrastructure, ports and merchant vessels across the region, the White House on Wednesday announced a 60-day waiver of the Jones Act. White House Press Secretary Karoline Leavitt said the waiver represents “another step to mitigate the short-term disruptions to the oil mark…
Trump’s Emergency Move: 60-Day Shipping Waiver Aims to Slash Fertilizer and Fuel Costs Before Planting Crunch
President Trump on Wednesday temporarily set aside a century-old shipping restriction in a bid to ease surging energy and fertilizer costs — a move that ag leaders say could deliver critical relief to American farmers just weeks before spring planting begins. The 60-day waiver of the Merchant Marine Act of 1920 (Jones Act) will allow foreign-flagged vessels to transport goods between U.S. ports — a significant shift from longstanding policy that…
Meet the Jones Act, the law that has made gas more expensive for Americans for decades
The Trump administration temporarily suspended the Jones Act on March 18, 2026, as part of its efforts to bring down soaring U.S. gasoline prices. But what does this more-than-century-old law, which originally was designed to support the shipping industry, have to do with the price of gas? As the director of the Center for Energy Innovation at UMass Lowell, I’ve learned that the impact of the Jones Act ripples beyond shipping and can have a prof…
Maritime unions denounce Jones Act waiver
The Trump administration’s decision to waive prohibition on foreign vessels moving goods in U.S. waters “will not provide meaningful relief at the gas pump” WASHINGTON, D.C. (March 19, 2026) — Eight of the nation’s maritime labor organizations are speaking out against the Trump/Vance administration’s 60-day waiver of the Jones Act, arguing that a broad suspension […] The post Maritime unions denounce Jones Act waiver appeared first on The STAND.
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