US President Donald Trump has temporarily suspended the Jones Act for two months to try to control rising oil prices during the conflict with Iran. The move allows foreign ships to transport goods between US ports, which could reduce shipping costs and speed up deliveries of energy supplies. However, experts say this step is unlikely to lower fuel prices because it does not solve the main problem—global oil shortages caused by disruptions in key routes like the Strait of Hormuz. Rising fuel costs are already affecting public opinion, with many Americans unhappy about high gas prices and concerned about the economy. Analysts warn that if oil prices keep rising, it could increase the risk of a recession and hurt political support for Trump and his party.
Credit : CGTN
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