US issues 60-day waiver of Jones Act in an attempt to lower energy prices
By Eren Sengezer
Date Published: 18 Mar 2026 | Date Modified: 18 Mar 2026
POPULAR ARTICLES
The White House announced on Wednesday that they have issued a 60-day waiver of the Jones Act shipping law, per Reuters.
The White House announced on Wednesday that they have issued a 60-day waiver of the Jones Act shipping law, per Reuters.
The Jones Act, formally known as Section 27 of the Merchant Marine Act of 1920, dictates that all goods transported by water between US ports must be carried on US-built, US-flagged vessels owned and crewed by American citizens and permanent residents.
With this waiver, foreign vessels will be allowed to transport goods to the US. During a press briefing on March 12, White House spokesperson Karoline Leavitt explained that the waiver would "ensure vital energy products and agricultural necessities are flowing freely to US ports."
Market reaction
This headline failed to trigger a noticeable market reaction. At the time of press, the barrel of West Texas Intermediate (WTI) was trading near $97.60, rising about 3% on the day.
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
