Trump Administration Proposes Suspending the Jones Act to Curb Oil Prices

GateNews

2026-03-12 14:49:35

Gate News: On March 12, the Trump administration plans to suspend the Jones Act (the shipping regulation that requires goods transported between U.S. ports to be carried on U.S. ships) to help stabilize oil prices. The restrictions of this act have led to higher domestic oil transportation costs, and suspending it may help lower oil prices.

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