US Extends Shipping Waiver to Support Fuel Supply

Darwin, 25 April : Amid supply shortages caused by the ongoing conflict centered around Iran, the administration of Donald Trump announced on Friday that it has extended the duration of a shipping-related waiver by 90 days. This move is expected to facilitate the transportation of fuel and fertilizer.

The previous waiver issued by the U.S. government was set to expire on May 17. Under the new decision, it will remain in effect until mid-August.

According to AFP from Washington, White House spokesperson Taylor Rogers said, “Analysis of new data shows that significantly more supplies were able to reach U.S. ports quickly following the initial waiver.”

She added that the extension would help ensure the supply of critical energy products, industrial materials, and essential agricultural goods.

Rogers confirmed that President Trump approved the 90-day extension.

Following the strikes on Iran beginning February 28 by Israel and the United States, a war-like situation emerged in the Middle East. In response, Iran effectively shut down the Strait of Hormuz.

As this strait is a key route for global oil and gas transportation, the disruption triggered a worldwide energy supply crisis and drove prices sharply higher.

Gasoline prices in the United States have also risen, increasing financial pressure on consumers ahead of the upcoming midterm elections.

Under the Jones Act of 1920, vessels transporting goods within U.S. waters must be built, owned, and registered in the United States.

However, in March, the Trump administration temporarily relaxed this rule for 60 days to alleviate economic pressure.

Although oil prices remain high, they have shown some recent signs of easing.