Trump Announces Possible Military Escorts for Tankers, Insurance for All Gulf Trade

President Donald Trump said on March 3 that the U.S. Navy could begin escorting tankers through the Strait of Hormuz, a vital artery for oil and gas shipping. In a post on Truth Social, President Donald Trump said he has directed the U.S. International Development Finance Corporation to begin offering political risk insurance and financial guarantees to support the security of all maritime trade moving through the Gulf. He noted that the measure is aimed particularly at energy shipments, which make up a substantial share of global traffic through the region. This is a developing story. Please check back for further updates....