White House looks to extend oil transport exemption
US President Donald Trump plans to extend a waiver of the Jones Act for oil shipments, according to a report by Axios.
The waiver, first introduced in March, allows fuel to be transported between US ports without the requirement to use American-flagged vessels.
The move is aimed at easing rising fuel costs linked to the war with Iran.
Critics say the law typically raises shipping costs due to limited US-flagged capacity, while supporters argue the waiver has helped stabilise prices.
Aerial view of the MSC Alanya container ship after leaving the Panama Canal in Panama City on 21 April 2026. MARTIN BERNETTI / AFP