House Republicans Push to End Jones Act Waivers as Hormuz Supply Crunch Persists
⚖️ ENERGY LAW — Congress wants to close a domestic shipping loophole mid-supply shock. 📌 LOOK CLOSER: Jones Act waivers let foreign vessels carry US coastal cargo, easing supply gaps when Gulf imports collapsed. Expiring them in August — while Hormuz runs at one-third capacity and US crude stocks sit at 1984 lows — tightens the domestic logistics chain. Refiners on the Gulf Coast dependent on coastal tanker flexibility absorb the squeeze. Timing signals GOP protectionism overriding energy security math.
