Trump waives US shipping law for oil and gas in bid to lower prices

2026-03-18 - 17:10

Move comes as president attempts to mitigate rising price of oil while carrying out war on Iran Sign up for the Breaking News US email to get newsletter alerts in your inbox Donald Trump is trying to make it easier for foreign tankers to move around the US, temporarily allowing foreign-flagged ships carrying oil and gas to travel between US ports, the White House announced Wednesday. The move comes as the president tries to manage a delicate balancing act, attempting to mitigate the increasing price of oil while also carrying out the US-Israel war on Iran. Continue reading...