Trump Administration Waives Jones Act to Address Oil Supply Disruptions Amid Iran Conflict
Here's what it means for you.
Rising gasoline prices could impact your commuting costs and overall budget.
What happened
On March 18, 2026, the Trump administration issued a 60-day waiver of the Jones Act, allowing foreign-flagged vessels to transport oil and resources between U.S. ports.
The Context
- Operation Epic Fury: Initiated on February 28, 2026, U.S. and Israeli military operations against Iran have disrupted oil supply routes, particularly in the Strait of Hormuz.
- Gasoline Price Surge: National average gasoline prices have increased by 29% to $3.84 per gallon due to these disruptions.
- Historical Precedent: Similar waivers were previously enacted after Hurricane Maria in 2017 and the Colonial Pipeline hack in 2021 to address supply chain issues.
The Number
– This is the increase in U.S. national average gasoline prices since February 28, 2026, highlighting the immediate financial impact on consumers.
Takeaway
As the waiver remains active until May 17, 2026, expect ongoing fluctuations in fuel prices and potential supply chain adjustments.
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Trump temporarily waives the Jones Act to try to lower gasoline prices. Will it work?
President Trump has announced a temporary waiver of the Jones Act, a law that restricts which ships can transport goods between U.S. ports, in an effort to lower gasoline prices amid rising fuel costs linked to the ongoing conflict with Iran.