Trump Waives 100-Year Shipping Law as Gas Prices Spike During Iran War
President Donald Trump has temporarily waived a century-old shipping law as gas prices surge during the Iran war, but experts say the move may not deliver the relief Americans are expecting.
The 60-day suspension of the Jones Act allows foreign ships to transport fuel between U.S. ports, a step the White House says is meant to ease supply disruptions and lower costs. According to NPR and Reuters reporting, the decision comes as oil prices climb near $110 per barrel and gas prices jump sharply nationwide.
The problem is deeper than shipping. Analysts say the main driver is the disruption of global oil flows, especially through the Strait of Hormuz, where about 20% of the world’s supply moves.
Critics, including maritime industry groups, argue the waiver will barely affect prices. According to market analysts cited by multiple outlets, transportation costs are only a small piece of what consumers pay at the pump.
The administration is also tapping oil reserves and easing foreign supply restrictions, signaling broader concern about rising fuel costs.
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