News-News.Zip

News in English (USA) / 18.03.2026 / 22:00

Trump Temporarily Waives Jones Act Amid Rising Fuel Costs

In a bid to address soaring fuel prices, President Trump has temporarily waived the century-old Jones Act shipping law for 60 days. This suspension aims to ease pressures on gas prices and steady the oil market amidst ongoing concerns related to the Iran conflict. Analysts predict that this move could have a slight impact on gas prices, potentially lowering them by around 3 cents. The administration has received mixed reactions, with some applauding the action as a necessary step to increase fuel and fertilizer supplies, while others criticize it as a short-term solution that might not address underlying issues effectively.
Al Jazeera, CNBC, Fortune, The New York Times, Bloomberg.com, WSJ, Axios, The Guardian, NPR, Reuters