Last mentioned: Mar 18, 2026
Waiver Expiration
The current 60-day waiver is set to expire unless an extension is granted by the administration.
Waiver Expiration
The 60-day period concludes unless an extension is granted by the administration.
Expected Vessel Integration
Foreign tankers expected to begin domestic routes under the new waiver.
Waiver Issued
President Trump signs the 60-day Jones Act waiver to provide immediate logistical relief.
60-Day Waiver Issued
President Trump signs the waiver citing energy price pressures from the Iran war.
Domestic Price Pressure
U.S. gasoline and heating oil prices reach multi-year highs due to supply chain constraints.
Iran Conflict Escalates
War in the Middle East leads to a sharp spike in global crude oil prices.
Jones Act Enacted
The Merchant Marine Act of 1920 is signed into law to protect U.S. shipping.
President Trump has signed a 60-day waiver of the Merchant Marine Act of 1920 to facilitate more efficient domestic oil transport. The move aims to mitigate surging fuel prices driven by escalating conflict with Iran and global supply chain disruptions.
President Trump has issued a temporary 60-day waiver of the Jones Act to facilitate cheaper domestic oil transport amid rising energy costs fueled by the conflict with Iran. The move allows foreign-flagged vessels to move petroleum products between U.S. ports, aiming to stabilize the supply chain and lower prices for consumers.