Trump extends Jones Act waiver 90 days

On August 10, 2026, President Donald Trump extended the Merchant Marine Act of 1920 waiver for an additional 90 days, allowing foreign-flagged vessels to transport oil and other commodities between U.S. ports. The extension, which was set to expire on August 16, comes amid the ongoing war with Iran that has disrupted global crude flows and pushed up fuel costs. The new terms narrow the waiver's scope, requiring case-by-case review of each voyage rather than a blanket exemption, in response to pressure from shipbuilders and lawmakers concerned about the domestic maritime industry. The waiver has been in effect since March 18, 2026, and has already become the longest suspension of the century-old law. Approximately 208 exemptions were granted in the first 4-1/2 months. Supporters, including the American Petroleum Institute, argue the waiver increases shipping flexibility and helps lower fuel prices, while critics like the American Maritime Partnership contend it undermines the U.S. maritime industry and benefits foreign operators. Analysts estimate the waiver's impact on gasoline prices is modest, likely only a few cents per gallon. The extension is part of broader efforts by the administration to manage fuel prices ahead of the midterm elections, including pressure on ExxonMobil and Chevron to reduce pump prices.