Trump administration plans to extend a 1920 Jones Act shipping waiver allowing foreign-flag tankers to move oil, gasoline, and other energy products between US ports to ease supply disruptions and price pressure linked to the war in Iran and Strait of Hormuz constraints. The current waiver expires May 17. It has enabled roughly 9 million barrels of crude deliveries via tankers since March. Scope and duration remain unclear.

2026-04-24

Trump administration plans to extend a 1920 Jones Act shipping waiver allowing foreign-flag tankers to move oil, gasoline, and other energy products between US ports to ease supply disruptions and price pressure linked to the war in Iran and Strait of Hormuz constraints. The current waiver expires May 17. It has enabled roughly 9 million barrels of crude deliveries via tankers since March. Scope and duration remain unclear.