President Trump announced Friday that his administration is considering suspending certain maritime shipping requirements under the Jones Act as a potential measure to address rising gasoline prices.

The consideration comes as gas prices have increased following U.S. military operations in Iran that began two weeks ago. Trump discussed the possibility during an interview on Fox News host Brian Kilmeade's podcast, where Kilmeade pressed the president on potential solutions to the price increases.

The Jones Act, formally known as the Merchant Marine Act of 1920, requires that goods shipped between U.S. ports be transported on ships that are built, owned, and operated by American citizens or permanent residents. The century-old law has been a subject of debate regarding its impact on shipping costs and domestic supply chains.

Energy markets and global supply chains have experienced disruption as the conflict with Iran continues. The administration's consideration of a Jones Act waiver reflects efforts to mitigate domestic economic impacts from the ongoing military operations.

Waivers of the Jones Act have been granted in the past during emergencies, typically to address fuel shortages or natural disasters. Any suspension would temporarily allow foreign-flagged vessels to transport goods between U.S. ports, potentially reducing shipping costs and delivery times for petroleum products.