Trump plans to extend measures to relax restrictions on U.S. oil transportation
According to a report by AXIOS citing U.S. officials, Trump suspended a controversial maritime law, the Jones Act, during the Iran war, making the transportation of oil within the United States more convenient—now he hopes to maintain this status.
The law known as the Jones Act, enacted in 1920, increased shipping costs between U.S. ports by requiring goods to be transported by vessels flying the U.S. flag. In response to rising fuel prices due to the Iran war, Trump issued a 60-day waiver of the law on March 18 to streamline oil transportation.
According to data provided by the White House, since then, 40 tankers have been able to transport oil between U.S. ports from California to Texas, Florida, and Alaska, increasing the actual available fleet size by 70%, thereby helping to reduce costs.
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