economy

March 13, 2026

Trump weighs Jones Act waiver amid rising fuel prices, White House says

Updated on: March 12, 2026 / 6:12 PM EDT / CBS News

Trump weighs Jones Act waiver amid rising fuel prices, White House says

TL;DR

  • The Trump administration is considering waiving the Jones Act.
  • The Jones Act requires goods shipped between U.S. ports to be on U.S.-built, U.S.-flagged, and U.S.-crewed ships.
  • A waiver would temporarily allow foreign ships to move fuel between U.S. ports.
  • This action is being considered to ensure the free flow of vital energy products and agricultural necessities.
  • The potential waiver is a response to rising oil and gas prices since the U.S. and Israel attacked Iran.
  • Oil prices (Brent crude and West Texas Intermediate) have significantly increased.
  • Gas prices have also risen, impacting motorists and creating inflationary pressures.

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