Story perspectives

Trump Waives Jones Act to Tackle Rising Oil Prices

3/19/2026

Summary

Trump Waives Jones Act

U.S. President Donald Trump has waived the Jones Act for 60 days in 2025 to lower oil prices amid disruptions from the ongoing war in Iran.
The waiver lets foreign tankers move oil and other goods between U.S. ports.
White House Press Secretary Karoline Leavitt stated the move aims to ensure a steady flow of vital resources and support military operations.
Some analysts doubt the measure will lower prices.

Summary

U.S. Considers Jones Act Waiver

The U.S. government is considering a temporary Jones Act waiver to address California fuel shortages as Asian exporters reduce refined product shipments.
White House Press Secretary Karoline Leavitt said the waiver aims to ensure the flow of vital energy and agricultural products.
The American Farm Bureau Federation urged this action to prevent food supply disruptions.
Analysts warn ocean freight costs could limit the waiver’s benefits despite reductions in bottlenecks.

History

Historical Context

The Jones Act, enacted in 1920, mandates that only U.S.-built ships transport goods between U.S. ports, significantly impacting shipping costs and domestic trade. Since its implementation, shipping rates have risen by 25%. Recent waivers by President Trump highlight ongoing challenges in energy supply chains, particularly amid conflicts like the war in Iran, prompting renewed calls for reforming maritime laws.

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Trump Waives Jones Act

U.S. President Donald Trump has waived the Jones Act for 60 days in 2025 to lower oil prices amid disruptions from the ongoing war in Iran.
The waiver lets foreign tankers move oil and other goods between U.S. ports.
White House Press Secretary Karoline Leavitt stated the move aims to ensure a steady flow of vital resources and support military operations.
Some analysts doubt the measure will lower prices.

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