Washington has a bad habit of allowing temporary emergency measures to become permanent policy. That danger is growing again with the Jones Act waiver. When […] Source
Energy Secretary Chris Wright said Sunday the Trump administration is "open" to suspending the federal gasoline tax amid high pump prices. Why it matters: His remarks slightly soften the White House stance on the idea of halting the federal tax of 18.3 cents per gallon. - Polling shows President Trump faces political blowback from prices at their highest levels in four years. - The average U.S. price for regular gas hit $4.52 per gallon Sunday, per AAA, up from just under $3 when the war began. Driving the news: Wright, asked about a gas tax suspension on NBC's "Meet the Press," said "we're open to all ideas" to lower costs for consumers and businesses. - But "everything has tradeoffs," he said. - Democratic lawmakers and candidates…
“New data compiled since the initial waiver was issued revealed that significantly more supply was able to reach U.S. ports faster,” Rogers said.
Silicon Valley venture capitalist and philanthropist Asha Jadeja joins NewsNation to discuss the escalating conflict with Iran, rising gas prices tied to the Strait of Hormuz blockade, and the Trump administration’s efforts to ease costs through measures like extending the Jones Act, as well as ongoing scrutiny over the president’s role in cryptocurrency policy and the sharp drop in the value of Trump’s digital coin. Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live." Weekends starting at 10a/9C Saturdays and 11a/10C Sundays. #NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
The Jones Act requires that shipping between different U.S. ports be done by American ships.
A 60-day partial waiver of the Jones Act in the face of rising worldwide oil prices is a good policy that ought to be extended indefinitely.
From waiving the Jones Act to rerouting oil through the Red Sea, governments are doing their best to make up for the crisis in the Strait of Hormuz, but prices are still rising.
The Trump administration is temporarily loosening shipping laws as part of an effort to lower gasoline and other commodity prices amid the conflict with Iran, though the effort may only have a small impact. The administration is issuing a 60-day waiver of the Jones Act, according to a Wednesday post from White House press secretary Karoline Leavitt. The Jones Act is a 100-year-old law that requires shipping between U.S. ports to be conducted by U.S.-flagged ships. Read More: https://thehill.com/policy/energy-environment/5789557-iran-war-jones-act-gas-prices/ #trump #iran #gasprices #whitehouse
The Jones Act dictates that only U.S.-made ships can move cargo between U.S. ports. They charge customers more for shipping than foreign vessels.
PULSE POINTSWHAT HAPPENED: President Donald J. Trump announced a 60-day waiver of the Jones Act to address rising gas prices amid the ongoing conflict with Iran.WHO WAS INVOLVED: President Donald Trump, White House Press Secretary Karoline Leavitt, Secretary of Energy Chris Wright, and the U.S. Maritime Administration.WHEN & WHERE: Announced on Wednesday, March 18, 2026.KEY […] The post What Does Trump’s Jones Act Waiver Mean for Oil Prices? appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: President Donald J. Trump announced a 60-day waiver of the Jones Act to address rising gas prices amid the ongoing conflict with Iran. WHO WAS INVOLVED: President Donald Trump , White House Press Secretary Karoline Leavitt, Secretary of Energy Chris Wright, and the U.S. Maritime Administration. WHEN & WHERE: Announced on Wednesday, March 18, 2026. KEY QUOTE: “This action will allow vital resources like oil, natural gas , fertilizer, and coal to flow freely to U.S. ports for sixty days, and the Administration remains committed to continuing to strengthen our critical supply chains .” — Karoline Leavitt. IMPACT: The waiver aims to mitigate short-term disruptions to the oil market amid ongoing U.S. military…Open