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Trump Weighs Jones Act Waiver Amid Rising Gas Prices

3/15/2026

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Story summary
  • Gas prices in the U.S. are rising, prompting U.S. President Donald Trump to consider waiving the Jones Act to expedite oil transport, driven by Iran's ongoing conflict.
  • The 30-day exemption would allow foreign tankers to deliver oil.
  • Experts warn it may reduce prices by a few cents per gallon.
  • The administration prioritizes the SAVE Act to address economic concerns.
  • Republicans worry about the impact on the upcoming midterm elections.