Loading ...Trump Announces US To Cover Insurance For All Ships Traveling Through Gulf, Will Provide US Navy Escorts
Update (1440ET): Moments ago President Trump announced that the United States will provide insurance for “ALL Maritime Trade” via the US Development Finance Corporation (DFC), and will provide Navy escorts, “if necessary.”
Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible.
https://www.zerohedge.com/political/oil-tumbles-trump-floats-insurance-tankers