https://www.cnbc.com/2026/03/18/trump-jones-act-oil-iran-war.htmlPresident Donald Trump issued a 60-day waiver of a longstanding U.S. shipping law in an attempt to stabilize oil markets amid the Iran war, the White House confirmed to CNBC on Wednesday.The temporary suspension of the Jones Act “will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days,” White House press secretary Karoline Leavitt said in a statement.The Trump administration “remains committed to continuing to strengthen our critical supply chains,” Leavitt said.The Jones Act, signed into law in 1920 by then-President Woodrow Wilson, requires that the transport of goods between U.S. ports must be conducted by U.S. vessels.The law was intended as an effort to grow the domestic shipping industry after World War I. The statute has been criticized as a form of protectionism, and some economists have recently argued that it impedes domestic trade.Trump’s two-month waiver was announced as oil prices resumed their rise due to the Iran war, in which major energy infrastructure has come under attack and the Strait of Hormuz has been effectively closed.Trump in recent days has vented his frustration with U.S. allies over their reluctance to help secure the strait, a vital global oil-shipping route that has all but shut down under threat from Iran’s military. The president at the same time has asserted that the U.S. does not need any help with its ongoing operations against Tehran.
>>1498573Brent prices, the international benchmark, rose 3.83% on Wednesday to close at $107.38 per barrel. U.S. oil prices ended the day nearly unchanged at $96.32 per barrel.There are fewer than 100 Jones Act-compliant vessels, according to Daleep Singh, chief global economist at asset manager PGIM, so waiving the law frees up many more international tankers to carry fuel between U.S. ports.But the impact of suspending the act may nevertheless be limited, Singh said. That’s because of a “mismatch” in which most U.S. refineries are built to process Middle Eastern crude while the U.S. mainly produces lighter shale oil.“Put plainly: the U.S. can now move fuel around more easily, but it still can’t refine enough of what it produces for self-sufficiency,” Singh said in a client note Wednesday.A coalition of nine U.S. maritime labor groups later Wednesday said they are “deeply concerned” about the Jones Act suspension.The broad waiver “undermines our national security, weakens military readiness, and hands critical maritime work to foreign vessel operators,” the groups said in a joint statement.They also argued the move will not meaningfully lower gas prices.“It has been plainly shown that the primary driver of gasoline prices remains the global cost of crude oil, and multiple analyses demonstrate that domestic shipping accounts for less than one cent per gallon,” the labor groups said.
>cnbcnice try esl shill
>>1498576>esl shillnice try reddit spacing r/tard
>>1498574>undermines our national security, weakens military readinessHow?
>>1498573So when is he going to end his tariffs?
>>1498608They’re not legal
>>1498573Isn't gonna do shit. The problem is the flow of oil globally is disrupted; stuff like this doesn't fix that problem. Only leaving Iran MIGHT fix that problem, but he's too fucking egotistical to admit it was retarded to start this war in the first place so that's not happening anytime soon.
>>1498609so when is he going to end his tariffs?
>>1498573Why would the winner of a war need to do this?
>>1498617Better question you should ask is why Trump gave America 60 days for a war that's supposed to be over in a few weeks
>>1498618you're projecting again, esl shill
>>1498617Nah we're in a quantum superposition of a war, where we've simultaneously already won, are going to win, and need help. At the same time!
>>1498637you're projecting again, esl shill america will win just like it always does
>>1498639Ok but are we going to win or have we already won? And do we need help or not? We can't seem to decide on that.
>>1498645you will never be american, esl shill
>>1498645see, he's broken
I hate the Jones Act. All my homies hate the Jones Act.
>>1498573>The Jones Act, signed into law in 1920 by then-President Woodrow Wilson, requires that the transport of goods between U.S. ports must be conducted by U.S. vessels.Remember kids, American crops need to be picked by American hands because foreigners working for cheap destroys American industry, but that doesn't apply here because fuck you
>>1498637triplethink
>>1498656it's pronounced "jones" actually
>>1498615Never, he's already opened "investigations" for his next round of tariffs and said investigations will probably determine that every NATO country currently telling him to kick rocks is an urgent national security threat that needs a 100% tariff on all their goods.
>>1498664JONEEZ NUTS IN YA MOUTH
>>1498669i don't think you know what you're talking about or you are a troll nothing you said was right
>>1498573Why does this feel like a repeat of Covid? We even have electoral shenanigans (midterms) on the near horizon.
>>1498673this time it's worse because the crisis is 100% his fault but we're still stuck with his bullshit for 3 more years
>>1498679Yeah, it's the difference between being shot in the foot and shooting yourself in the foot. >3 more yearsI don't know if he'll make it through his term. Probably too much to hope for. The man has the luck of the devil.
>>1498681Clots and prayers!
>>1498681Trump just got rushed to the hospital.
>>1498679It'll be worse because the economy going into this crisis was already in recession thanks to the tariffs. This is also a bigger, more immediate shock. Covid developed over the course of weeks. With this, we're seeing the disruptions happen basically immediately. I don't think the government is going to really be bailing anyone out this time either.
>>1498701you're projecting again, esl shill
>>1498702Is this a bot or a retarded amerishart?
>>1498582It proves that regulation is a complete fuckin waste of time and money, which undermines 'national security' in the sense that it becomes obvious that our leadership is useless.
>>1498639We ejected Sadam from power in under a month but still wasted 20 years in Iraq. Victory for the American people means no war with Iran and Israel losing
>>1498709>weno one believes you're american, esl shill
>>1498710I’m more American than you’ll ever be, jeet
>>1498715you're projecting again, esl shill
>>1498718You don’t know what your buzzwords mean, jeet
>>1498720no one believes your lies, esl shill
>>1498573https://i.postimg.cc/Jz7Xfhx4/private-eye-1671-cover.jpgTrump's in dire straits and...!(Contd. P94) (He'll be fired. Ed)
>>1498770>esl shill thinks you can fire presidents
>>1498778>>esl shill thinks you can fire presidentsIt's EAASLS, East asianer.English as a second language. The journey of most oil tankers takes about a month or 2, and these routes are planned far in advance.None of these foreign ships have been in US ports for over a 100 yrs. Are we supposed to believe they are all going to change their plans because of 60-day waiver?And even so, the supply isn't being limited by shipping constraints. It's limited because a huge oil producing company has been cutoff by the US and Israel.
>>1498778I know you're a fatty mossad agent on desk duty paid to copy paste 'esl shill' at every piece of information you don't like, but America does have laws outlining the things presidents can be impeached over. The reason that hasn't happened yet is that Isreal also has the Democrat side filled with pedophile Kikes who are more interested in keeping their asses out of jail, but the clock is ticking. Judaism is a sex cult and the world is waking up to that. It's almost time for the real circumcisions to start. All your silly hats are going to look beautiful strewn on the ground with the tops of your skulls in them.
>esl shill 1498778 thinks Congress & House couldn't do worse than merely fire a presidentIn Soviet 1970s America, Nixon fired himself
>>1498573Not sure if this will be a big deal at all and I can’t think who this will directly negatively impact. It might be good for Hawaii
>>1498793Don't be antisemitic
>>1498609>legalThat hasn't stopped conservatives.
>>1498807Those aren’t conservatives. Real conservatives respect the tradition of a law based system
>>1498663Quad actually. We've won, winning, need help, and also don't need help.
>>1498828papers, please
>>1498573We're now officially lifting sanctions on Iran's oil btw. We're literally giving them money to bomb our own troops.
