Washington, United States – Web Desk: The United States has extended a waiver allowing foreign vessels to transport oil and natural gas to its ports for an additional 90 days, in a move aimed at stabilizing energy supply and easing logistical constraints.
US President Donald Trump approved the extension under provisions related to the Jones Act, enabling non-US ships to carry energy supplies into the country. The decision follows an earlier 60-day waiver announced in March to address supply disruptions and rising global energy prices.
According to the White House, data collected during the exemption period indicates that the measure helped accelerate the delivery of larger volumes of oil and gas to US ports, improving supply flow during a period of heightened volatility.
The waiver was initially introduced after disruptions linked to the closure of the Strait of Hormuz, a critical global energy transit route. The shutdown led to supply shortages and sharp increases in fuel prices worldwide.
Following the latest announcement, Brent crude prices showed a slight decline in international markets but remained elevated, trading between $103 and $107 per barrel. Prices are still significantly higher compared to late February levels, reflecting ongoing geopolitical tensions.
The supply disruption stemmed from escalating conflict in the region, which affected one of the world’s most important oil shipping lanes, contributing to volatility in global energy markets.
