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Trump Waives Century-Old Shipping Law In Bid To Lower Gas Prices

President Donald Trump on Wednesday suspended the Jones Act—a century-old shipping law that only allows cargo moved between U.S. ports to travel on American vessels—as the war with Iran has caused gas prices to approach a national average of $4 per gallon. READ MORE: https://www.forbes.com/sites/mikestunson/2026/03/18/trump-waives-century-old-shipping-law-in-bid-to-lower-gas-prices/ Stay Connected Forbes Breaking News on X: https://x.com/ForbesTVNews Forbes Breaking News on TikTok: https://www.tiktok.com/@forbestvnews More From Forbes: http://forbes.com

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President Donald Trump on Wednesday suspended the Jones Act—a century-old shipping law that only allows cargo moved between U.S. ports to travel on American vessels—as the war with Iran has caused gas prices to approach a national average of $4 per gallon. READ MORE: https://www.forbes.com/sites/mikestunson/2026/03/18/trump-waives-century-old-shipping-law-in-bid-to-lower-gas-prices/ Stay Connected Forbes Breaking News on X: https://x.com/ForbesTVNews Forbes Breaking News on TikTok: https://www.tiktok.com/@forbestvnews More From Forbes: http://forbes.com
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