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BusinessNewsOil And Gas

Trump unleashes oil prices: Suspending the Jones Act and granting exemptions to lower prices.

Trump seeks to stabilize energy prices in America

مدحت الشيخ
Last updated: 18/03/2026 9:55 pm
Medhat Elsheikh
مدحت الشيخ
ByMedhat Elsheikh
News Editor
Medhat El-Sheikh, editor-in-chief of the Voice of Emirates News Agency office in Cairo, is a seasoned Egyptian journalist with extensive experience both within Egypt and abroad....
- News Editor
2 hours ago
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Trump unleashes oil prices: Suspending the Jones Act and granting exemptions to lower prices.
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Washington, DC – US President Donald Trump announced the suspension of the Jones Maritime Act, granting broad exemptions to the oil and gas sector in a move aimed at easing pressure on domestic and international energy prices amid a rising price crisis.

The White House explained that the new exemptions will facilitate the transportation of fuel between US states and reduce logistical costs for oil and gas companies. This is expected to stabilize prices in domestic markets.

Economic analysts confirmed that these measures may temporarily alleviate the price crisis, but they raise questions about their impact on the environment and maritime standards. They also raise the possibility of increased US reliance on fossil fuels.

The move comes at a time of sharp fluctuations in the global market, amid geopolitical tensions and cascading effects on energy prices. This makes the US decisions a focus of significant international attention.

TAGGED:AmericaIranIsraeloilTrumpUSVoice Of Emirates
SOURCES:Voice of EmiratesNewswires
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