White House expected to extend Jones Act waiver as Trump seeks lower petrol prices

Published Aug 4, 10:44 PM UTC

The White House is expected to extend a waiver of the Jones Act, a US maritime law requiring goods shipped between US ports to be carried on American-built, owned, and crewed vessels. The move is part of the Trump administration's effort to lower fuel prices for consumers. US Energy Secretary Chris Wright stated that fuel prices should decrease in the coming weeks. The article, published by The Business Times Singapore on August 4, 2026, highlights the administration's focus on reducing petrol costs through regulatory adjustments.