Trump's Next Move to 'Halt' Oil Prices May Include a 1920 Shipping Law
Amidst soaring oil prices due to the Iran war, Trump's administration is reportedly considering suspending a century-old shipping law to boost fuel supplies to American refineries.
Bloomberg: Trump considers lifting century-old law for US ports and fuel transportation
The Trump administration plans to temporarily suspend a century-old shipping law that requires goods transported between U.S. ports to only be carried by American vessels.
Trump will pause a century-old law to curb the rise in fuel between ports in the U.S., something that had not happened since Hurricane Maria
The Trump administration notified oil companies and maritime groups about a potential exemption from the century-old Jones Act to facilitate domestic fuel movement amidst rising oil prices.