Can a Temporary US Shipping Rule Ease Fuel Costs?
The US is considering temporarily waiving the Jones Act, a century-old law from 1920 that normally requires all goods shipped between US ports to travel on US-built, owned, and flagged vessels. The waiver would allow foreign ships to move fuel between domestic ports for 30 days to help curb rising costs.
Meanwhile, the war with Iran has already cost the US at least $11.3 billion in its first week, with global energy markets feeling the ripple effects and consumers facing higher prices.
Meanwhile, the war with Iran has already cost the US at least $11.3 billion in its first week, with global energy markets feeling the ripple effects and consumers facing higher prices.