14-March-2026
Corporate News
 
Oil price spike: Trump admin may ease US shipping rules
13-Mar-2026

The Trump administration is considering a potential waiver of the century-old Jones Act that requires American ships be used to transport goods between US ports as it seeks to blunt surging oil and gasoline prices, said White House secretary Karoline Leavitt. “In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of time to ensure vital energy products and agricultural necessities are flowing freely to US ports,” White House Press Secretary Karoline Leavitt said in a statement. “This action has not been finalized.”

News Source:- https://economictimes.indiatimes.com/news/international/world-news/us-considering-jones-act-waiver-for-a-limited-period-of-time-white-house-amid-soaring-oil-prices/articleshow/129514506.cms