Trump extends waiver easing U.S. oil transport by foreign ships

President Donald Trump has again extended a waiver that permits foreign vessels to transport oil and petroleum products between U.S. ports. This 90-day extension, announced Monday, is more narrowly focused than previous waivers, specifically targeting energy product transport. A White House official confirmed the move, stating it ensures critical resources remain accessible to U.S. forces and key sectors.

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Today, the Trump administration issued a 90-day extension of the Jones Act waiver to ensure our armed forces and key sectors maintain uninterrupted access to critical resources.

The waiver has facilitated the delivery of essential products like gasoline, diesel, and jet fuel. However, this iteration includes a requirement to assess the availability of U.S. vessels before granting the exemption for individual voyages. The Cato Institute in Washington noted that foreign ships have transported over 54 million barrels between U.S. ports since the initial waiver in March, boosting domestic trade.

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The waiver has boosted the delivery of essential products such as gasoline, diesel, and jet fuel.

Oil prices have surged following U.S. and Israeli attacks on Iran in late February, which escalated into a regional conflict. Tehran's response, including a de facto blockade of the Strait of Hormuz, a vital global oil transit route, has further impacted energy markets. Gasoline prices in the U.S. have also climbed, affecting household budgets as midterm elections approach. The Jones Act of 1920 mandates that maritime cargo between U.S. ports be carried on U.S.-built, owned, and flagged vessels, aiming to foster the domestic shipbuilding industry.

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The waiver has increased domestic trade.