US President Donald Trump has temporarily suspended a century-old maritime law to address rising energy costs resulting from escalating tensions in the Middle East.
In a recent move aimed at stabilizing energy prices, US President Donald Trump has suspended the Jones Act, a century-old maritime law that restricts the transportation of goods between US ports to American vessels. This decision comes amid heightened conflict in the Middle East, particularly following joint attacks by the US and Israel against Iran, which have raised concerns about potential disruptions in global oil supplies. By granting a 60-day waiver for foreign-flagged ships to transport goods between US ports, the Trump administration hopes to mitigate the rising costs of energy.
