U.S. Extends by 90 Days Waiver on Jones Act for Shipping


   
   SECAUCUS, NJ (DTN) -- The White House announced Friday (4/24) the Jones Act 
that allows allow international tankers to transport energy and agricultural 
products between U.S. ports will remain in place for another three months, 
extending its original two-month deadline.

   U.S. President Donald Trump first announced the 60-day waiver in mid-March 
to help stabilize energy prices and make it easier for more ships to travel to 
the U.S. following the effective closure of the Strait of Hormuz after the 
breakout of the Iran war at end-February.

   New data compiled since the initial waiver showed that significantly more 
energy supplies were able to reach U.S. ports at a faster pace, said a White 
House social media post that announced the 90-day waiver of the regulation 
though mid-August.




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