Article

The U.S. Development Finance Corporation will offer political risk insurance and guarantees for maritime trade through the Gulf following the withdrawal of war risk coverage by marine insurers. This initiative aims to support foreign-flag shipowners and maintain oil and gas shipments, particularly to China.

President Trump indicated that Navy escorts for tankers may be implemented if needed, ensuring the free flow of energy supplies. The Strait of Hormuz is a crucial oil transit route, and the U.S. aims to secure maritime trade in the region amid rising tensions.