#TRUMP fracture the Jones Act
The latest energy 'All-In' to curb oil at $100 while the tension with Iran suffocates the Strait of #ormuz
In an aggressive move to contain the economic hemorrhage caused by the conflict with Iran, the Trump administration has suspended the Jones Act (1920) for 60 days.
The exemption allows foreign vessels (not just American) to transport oil, gas, fertilizers, and coal between U.S. ports. This aims to alleviate internal logistics now that the Strait of Hormuz is practically blocked.
Price Shock: The news comes with Brent crude surpassing $109 (a jump of 6%) and U.S. crude nearing $100. The White House seeks to "flood" the domestic market to stabilize prices.
The Major Hurdle: Despite the measure, experts like Daleep Singh warn of a technical problem: U.S. refineries are designed for heavy crude from the Middle East, not for local light shale oil. The U.S. can move more fuel, but still cannot process it all to be self-sufficient.
Geopolitical Context: Trump has expressed frustration with allies over the lack of support in maritime security, maintaining a "America first" stance in his military operations while trying to protect critical supply chains.
$QQQon
