HomeBusinessWhite House considers waiving shipping rules in bid to ease energy prices

White House considers waiving shipping rules in bid to ease energy prices

The White House is considering temporarily waiving a century-old shipping law to allow more ships to deliver at U.S. ports as global shipping disruptions continue due to the Iran invasion.

Shipping lanes and timelines have been snarled for nearly two weeks after the United States and Israel carried out strikes on Iran, leading to delays around the Strait of Hormuz and surging oil prices. Increased costs and continued disruptions have sent American gas prices surging, a concerning development for President Donald Trump’s administration, which had touted lowering pump prices in the last year.

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