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Reading: Trump waives Jones Act for 60 days in bid to release the move of oil to US ports
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Business

Trump waives Jones Act for 60 days in bid to release the move of oil to US ports

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Last updated: March 18, 2026 2:30 pm
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Published: March 18, 2026
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Trump waives Jones Act for 60 days in bid to release the move of oil to US ports


Mainstay Capital Administration CEO and chief funding strategist David Kudla discusses the impression of the Center East battle on oil costs and investments on ‘The Claman Countdown.’

President Donald Trump has quickly waived a century-old transport regulation to permit oil and different assets to move to the USA, a White Home official instructed FOX Enterprise on Wednesday.

Trump issued a 60-day waiver of the Jones Act, a measure that requires that solely U.S. ships carry cargo between U.S. ports and stipulates that no less than 75% of the crew members are Americans. Moreover, it calls for these ships are constructed within the U.S. and owned by U.S. residents. 

President Donald Trump attends a St. Patrick’s Day reception, throughout Irish Taoiseach (Prime Minister) Micheal Martin’s go to, within the East Room on the White Home in Washington, D.C., March 17, 2026.  (Reuters/Kylie Cooper / Reuters Photographs)

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Reading: Trump waives Jones Act for 60 days in bid to release the move of oil to US ports
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