President Donald Trump’s administration is set to extend a waiver to a US law in the coming days, allowing some foreign-flagged ships to transport oil and other commodities between US ports, Reuters reports citing four industry sources.
The waiver is one of the tools the administration has used to try to lower diesel and gasoline prices, which have been driven higher by the wars in Iran and Ukraine.
The extension will require individual voyages to undergo case-by-case review rather than allowing foreign ships to receive blanket exemptions from the Jones Act, two sources say.
The waiver may come as early as Thursday, one of the sources says.
A White House official says no decision has yet been made on the extension of the Jones Act waiver, adding that any announcements will be made by Trump or his administration.
