America extends suspension of the Shipping Act to allow greater freedom in transporting oil and goods
Trump extends the suspension of the Jones Act to allow the transport of oil and goods.
Translated by Qiyas from الراي — Original source
A White House official said on Friday that U.S. President Donald Trump has extended the suspension of the Shipping Act for 90 days, allowing foreign-flagged vessels to transport oil and other goods between U.S. ports.
Reuters reported on Thursday, citing sources in the shipping sector, that the administration will extend the suspension of the Jones Act, which dates back more than a century.
The administration issued an order to broadly suspend the law in March, a month after the United States launched a war on Iran, in an effort to lower oil and fuel prices. In August, it extended the suspension but required that decisions be made on a case-by-case basis, a condition that remained in the latest suspension order.
The Jones Act requires that cargo transported between U.S. ports be carried on vessels built in the United States, owned by U.S. companies, and crewed by American workers. The suspension aims to reduce prices for gasoline, diesel, and fertilizers, which have risen due to the Iran war, by allowing greater flexibility in shipping and reducing transportation bottlenecks.
