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Analyst: The White House is considering extending the Jones Act exemption, with price concerns triggered by the Iran conflict

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CryptoNews消息: The White House is considering extending the exemption under the Jones Act to address price concerns stemming from the Iran conflict. The Jones Act is a U.S. shipping law that requires cargo transported between U.S. ports to be carried by U.S. vessels. The law was originally intended to support a strong U.S. merchant marine fleet to safeguard national security and economic interests. If tensions with Iran affect oil or fuel transportation—especially shipments through the Strait of Hormuz—the U.S. may need to rapidly move more crude oil, gasoline, diesel, or liquefied natural gas between domestic ports. Typically, the Jones Act restricts these shipments to relatively smaller U.S.-qualified vessels. The Jones Act exemption allows foreign vessels to transport cargo between U.S. ports, increasing available shipping capacity. The market broadly believes that extending the exemption is mildly bearish for oil prices, or at least a measure to limit price spikes, because it improves the efficiency of moving energy within the United States. Crude oil prices are currently down $0.62, trading at $78.70. The day’s low is $78.19 and the high is $80.93. The low on July 14 was $77.84, and the next target is the downward trend line at $77.11.
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