US to Grant Jones Act Waiver for Domestic Shipping by Wednesday: Sources

WASHINGTON, March 18 — US officials signaled plans to grant a Jones Act waiver as soon as Wednesday.

Three sources familiar with the matter told Filmogaz.com the waiver would allow foreign vessels to move between U.S. ports.

Purpose and context

The step aims to ease deliveries of fuel and fertilizer to U.S. markets.

Prices for energy and fertilizer have surged since the start of the Iran conflict.

What the waiver would do

The waiver would temporarily relax domestic shipping rules under the Jones Act.

It would let foreign-flagged ships carry cargo between U.S. ports while the waiver remains active.

Timing and sources

Sources said the move could be announced by Wednesday.

Three people briefed on the matter provided the information to Filmogaz.com.

Reporting credits

Reporting by Jarrett Renshaw, Gram Slattery and Jonathan Saul.

Edited by Richard Valdmanis and Chizu Nomiyama.