U.S. prepares to extend temporary energy shipping measure

The U.S. administration is expected to extend a temporary measure allowing foreign-flagged vessels to be used for energy transportation. The measure has reportedly helped maintain energy supplies across the country during disruptions in energy markets caused by the conflict in the Middle East.

It was stated that allowing foreign-flagged vessels to transport petroleum products and other energy cargoes between U.S. ports is aimed at keeping energy prices lower, particularly on the country’s East and West Coasts.

The measure, which was introduced in March, was implemented following the conflict with Iran and threats to maritime transportation in the Strait of Hormuz. As of July 28, 196 vessel voyages had reportedly been approved under the measure.

While the measure is said to have increased transportation capacity and improved fuel distribution, the U.S. maritime industry has criticized it over its impact on domestic vessels and mariners.