TechFlow News, April 22: According to U.S. officials cited by Axios, during the Iran conflict, Trump suspended the controversial maritime law known as the Jones Act—facilitating domestic U.S. oil transportation—and now intends to maintain this suspension. Enacted in 1920, the Jones Act increases shipping costs between U.S. ports by requiring cargo to be carried on vessels flying the U.S. flag. In response to rising fuel prices triggered by the Iran conflict, Trump issued a 60-day waiver of the law on March 18 to streamline oil transportation. According to data released by the White House, since then, 40 tankers have been able to transport oil between U.S. ports—from California to Texas, Florida, and Alaska—expanding the effectively available tanker fleet by 70% and thereby helping reduce costs. (Jinshi)
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