Commodities

on 12 March 2026 at 4:20 pm

The US government is weighing a waiver of the Jones Act, a White House spokesperson confirmed on March 12. In a statement provided to Platts, part of S&P Global Energy, White House Press Secretary Karoline Leavitt said the administration had not finalized any decision. “In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of time to ensure

on 12 March 2026 at 2:19 pm

The US military is not yet prepared to escort tankers through the Strait of Hormuz, US Energy Secretary Chris Wright said March 12, as the US-Israel war with Iran and the halt in tanker traffic through the key waterway continued to push crude futures higher. “It’ll happen relatively soon, but it can’t happen now,” Wright said in an interview with CNBC. “We’re simply not ready. All of our military

on 12 March 2026 at 6:31 am

The US launched Section 301 investigations into the manufacturing policies of 16 major trading partners, including the EU, China and India, to address unfair trade practices, the Office of the US Trade Representative said in a statement March 11. The USTR said the probes under Section 301(b) of the Trade Act of 1974 will examine whether acts, policies and practices related to “structural excess

on 11 March 2026 at 9:44 pm

Asian LNG buyers have pulled at least seven Atlantic Basin cargoes away from Europe since the war in the Middle East began on Feb. 28, according to S&P Global Commodities at Sea data, driven by a widening Northeast Asia price premium and improved netbacks for eastbound flows. Cargoes in the Atlantic Basin sold on both spot and long-term contracts appeared to divert from Europe to Asia in response