صدى البلد البلد سبورت قناة صدى البلد صدى البلد جامعات صدى البلد عقارات
Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie
ads

Trump Suspends Jones Act for 60 Days to Ease Oil Market Pressures


Wed 18 Mar 2026 | 09:19 PM
Taarek Refaat

U.S. President Donald Trump has ordered a temporary 60-day suspension of the longstanding Jones Act in a bid to stabilize oil markets amid escalating tensions with Iran, the White House confirmed on Wednesday.

The move is intended to ease supply constraints by allowing greater flexibility in the transportation of key energy and industrial commodities between U.S. ports. The century-old law, originally signed by Woodrow Wilson in 1920, requires that goods shipped between American ports be carried on U.S.-built, -owned, and -crewed vessels.

White House Press Secretary Karoline Leavitt said the temporary waiver would “allow vital resources such as oil, natural gas, fertilizers, and coal to flow more freely to U.S. ports” during the suspension period.

She added that the administration remains committed to strengthening critical supply chains, emphasizing that the decision is part of broader efforts to ensure energy security and market stability during a period of geopolitical strain.

The suspension comes as global oil markets face heightened volatility linked to the ongoing conflict involving Iran, raising concerns over supply disruptions and shipping constraints. By relaxing domestic shipping rules, the administration aims to improve logistical efficiency and prevent bottlenecks in energy distribution.

Analysts say the move could temporarily reduce transportation costs and increase fuel availability across U.S. regions, though its long-term impact will depend on developments in the geopolitical landscape and global energy demand.

The Jones Act has long been a cornerstone of U.S. maritime policy, but it has also faced periodic criticism for limiting flexibility and increasing shipping costs, particularly during emergencies or supply shocks.