21 Hrs
Source:
الوقائع الإخبارية
Trump prolongs foreign ship oil transport permit
U.S. President Donald Trump extended the waiver of certain provisions of the Jones Act for an additional 90 days, imposing new restrictions aimed at reducing energy supply disruptions and containing the rising fuel prices caused by the war with Iran. The decision, which has not been officially announced yet, allows foreign vessels to transport crude oil and its derivatives between U.S. ports after reviewing each voyage. It emphasizes the need to consult with the Department of Defense along with the U.S. Navy before issuing any new waivers. The U.S. administration has narrowed the list of covered goods from crude oil, gasoline, and cooking gas to a limited list, in an effort to protect the American maritime industry, despite opposition from some lawmakers and shipbuilding companies who argue that this undermines the law’s objectives and threatens U.S. strategic capabilities. The extension comes amid ongoing concerns within the administration about the impact of the war with Iran on oil markets, with the waiver helping to increase domestic shipments and reduce supply shortages.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)