Trump Confirms 90-Day Jones Act Waiver Extension Through Mid-August

President Trump confirmed a 90-day extension of the Jones Act waiver on April 27, 2026, allowing foreign-flagged vessels to transport oil and fuel between U.S. ports through mid-August to ease Iran war-related bottlenecks. The decision followed April 22 Axios reports of Trump considering an extension beyond the original 60-day waiver issued March 17, which added ~40 tankers and boosted the domestic fleet by 70% but had limited global price impact amid 13 million bpd disruptions. Approved April 24, the move enhances Gulf Coast supply flexibility, potentially pressuring WLDOIL and U.S. fuel prices lower despite ongoing geopolitical risks.