The Jones Act waiver is failing shippers, mariners, and consumers.
Instead of lowering gas prices as the Trump administration claimed it would, 95% of Jones Act waiver beneficiaries are foreign-owned vessels that do not pay U.S. taxes or comply with Coast Guard safety regulations.
We need to restore the Jones Act today.
EA Maritime Analytics data show fewer than 50 laden non-Iranian tankers (excluding small tankers) have transited the Strait of Hormuz throughout May, amounting to less than one-tenth of pre-conflict flows of 20 mb/d.
An estimated 99 mb of crude and 37 mb of oil products remain on vessels within the strait as of 2 June, based on the latest available AIS update.
Even if a US–Iran MoU is signed, mine clearance, shipper confidence and vessel repositioning will take months. Isolated transits do not constitute a recovery in flows, the operational barriers remain substantial.
Read more: https://t.co/MFuoowuUoi
#EnergyAspects #Hormuz #Maritime #Crude
@mercoglianos@Dan_Schwartz@johnkonrad These are evacuations, if anything. U.S. doing this under the radar is not shocking considering what happened last time with Project Freedom
⚠️ Possible Mine Sighting
Oman MRCC:
Suspected naval mine spotted floating west of the Inshore Traffic Zone in the Strait of Hormuz — inside Omani territorial waters.
#Straitofhormuz#Iran#maritime#maritimesecurity
A @DeptofWar designated "Chinese Military Company" just used the 501a "national security" Jones Act waiver to deliver asphalt to New Haven, CT.
@DOWResponse can you explain how this advances immediate defense needs?
Picture submitted by a Jones Act mariner.
Is shipping supposed to trust that Iran will remove mines from the SoH within 39 days? Does “unrestricted” access to SoH imply continued coordination with IRGC for transits via Iranian route?