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White House Weighs Extending Jones Act Waiver to Keep Oil Moving

The review signals a push to keep fuel moving during supply strains from the Iran war.

Overview

  • U.S. officials said Wednesday the administration is assessing a renewal of the March 18 waiver and has not made a final decision.
  • The Jones Act requires ships moving goods between U.S. ports to be U.S.-built, U.S.-flagged, and U.S.-owned, so the waiver let foreign tankers handle domestic runs during a supply squeeze.
  • White House data show about 40 foreign-flagged voyages moved roughly 9 million barrels, which expanded available tanker capacity by about 70 percent.
  • The policy has eased local pinch points, with Alaska set to receive jet fuel equal to about half a typical month and California recording nine deliveries to Los Angeles and Martinez, with another due April 29.
  • Refiners are pressing for clarity before the waiver’s mid-May expiry, as backers and critics spar over costs, national security, and the future of U.S. shipbuilding and maritime jobs.