The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, as part of a broader effort to address rising gasoline prices. The Jones Act, which regulates maritime trade between U.S. ports, has been a contentious issue in the shipping industry.
The waiver, which would allow foreign-flagged vessels to transport oil and gas between U.S. ports, is seen as a key tool for the administration to mitigate the impact of high fuel prices on consumers. President Donald Trump has been critical of oil companies, including Exxon Mobil and Chevron, for their profits, and the waiver is seen as a way to put pressure on the industry to lower prices.