{"id":433806,"date":"2026-07-15T23:02:11","date_gmt":"2026-07-15T16:02:11","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/white-house-reportedly-weighing-an-additional-extension-of-jones-act-waivers-as-renewed-iran-conflict-stirs-price-fears-433806\/"},"modified":"2026-07-15T23:02:11","modified_gmt":"2026-07-15T16:02:11","slug":"white-house-reportedly-weighing-an-additional-extension-of-jones-act-waivers-as-renewed-iran-conflict-stirs-price-fears","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/white-house-reportedly-weighing-an-additional-extension-of-jones-act-waivers-as-renewed-iran-conflict-stirs-price-fears-433806\/","title":{"rendered":"White House reportedly weighing an additional extension of Jones Act waivers as renewed Iran conflict stirs price fears"},"content":{"rendered":"<div>\n<ul>\n<li>White House reportedly weighing an additional extension of Jones Act waivers as renewed Iran conflict stirs price fears<\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">The Jones Act is a U.S. shipping law formally known as the Merchant Marine Act of 1920. One of its main provisions requires that any cargo transported between two U.S. ports must be carried on ships that are:<\/p>\n<ul>\n<li>\nBuilt in the United States\n<\/li>\n<li>\nOwned by U.S. companies\n<\/li>\n<li>\nRegistered under the U.S. flag\n<\/li>\n<li>\nCrewed primarily by U.S. citizens or permanent residents\n<\/li>\n<\/ul>\n<p>The law was originally intended to support a strong U.S. merchant marine for both national security and economic reasons.<\/p>\n<p>How it relates to the Iran situation<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">The connection is about energy supply and fuel prices.<\/p>\n<p>If tensions with Iran disrupt oil or fuel shipments\u2014particularly through the Strait of Hormuz\u2014the U.S. may need to move more crude oil, gasoline, diesel, or LNG quickly between domestic ports.<\/p>\n<p>Normally, the Jones Act limits those shipments to a relatively small fleet of U.S.-qualified vessels. That can:<\/p>\n<ul>\n<li>\nIncrease shipping costs.\n<\/li>\n<li>\nSlow the movement of fuel from one region of the country to another.\n<\/li>\n<li>\nContribute to higher gasoline and diesel prices during supply disruptions.\n<\/li>\n<\/ul>\n<p>A Jones Act waiver temporarily allows foreign-flagged ships to carry cargo between U.S. ports, increasing available shipping capacity.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">With renewed concerns over Iran:<\/p>\n<ul>\n<li>\nOil prices have become more volatile.\n<\/li>\n<li>\nThere is a greater risk of supply disruptions or regional shortages.\n<\/li>\n<li>\nAllowing foreign vessels to move fuel domestically could help:<\/p>\n<ul>\n<li>\nKeep gasoline and diesel flowing to areas that need it.\n<\/li>\n<li>\nReduce transportation bottlenecks.\n<\/li>\n<li>\nEase upward pressure on fuel prices.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>For markets, an extended waiver is generally viewed as slightly bearish for oil prices, or at least a measure designed to limit price spikes, because it improves the efficiency of moving energy around the US.<\/p>\n<p> The price of crude oil is trading down $-0.62 at $78.70. The low price today has reached a $78.19. The high prices up at $80.93. The low price from July 14 reached $77.84. That represents the next target followed by the underside of the downward sloping trend line near $77.11 (see the chart below).<\/p>\n<\/p>\n<p>In other Iranian news this morning<\/p>\n<ul>\n<li>US projectile hits Hengam Island <\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">Hengam Island is a small Iranian island in the Persian Gulf, located just 2 km (1.2 miles) south of Qeshm Island and only a short distance from the Strait of Hormuz, one of the world&#8217;s most important maritime chokepoints. Although the island itself is small\u2014about 34 square kilometers (13 square miles)\u2014its location gives it outsized strategic significance. <\/p>\n<ul>\n<li>\nHengam sits on the approaches to the Strait of Hormuz, through which roughly 20% of the world&#8217;s oil and LNG trade passes.\n<\/li>\n<li>\nThe island provides Iran with an observation point over shipping entering and leaving the Persian Gulf.\n<\/li>\n<li>\nWhile it is not as heavily militarized or economically important as islands such as Kharg or Qeshm, its location makes it part of Iran&#8217;s broader defensive network around the Strait of Hormuz.<\/li>\n<\/ul>\n<p>in other headline news:<\/p>\n<ul>\n<li>\ufeffIsrael and Lebanon have agreed on the outline and mechanism for withdrawing from the pilot area, which will be finalized and implemented in the coming days. That is good news. <\/li>\n<li>\ufeffIran Foreign Minister spokesperson says US attack on the south of the country is an example of aggression and is completely illegal.<\/li>\n<li>There are reports of an explosion heard in Kuwait\ufeff<\/li>\n<\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>White House reportedly weighing an additional extension of Jones Act waivers as renewed Iran conflict stirs price fears The Jones Act is a U.S. shipping law formally known as the Merchant Marine&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433806","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433806"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433806\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}