US EditionTrump says US Navy will escort tankers through Strait of Hormuz 'if necessary'
President Trump directed the U.S. Development Finance Corporation to offer political risk insurance and ordered Navy escorts to protect tanker traffic amid Iranian threats disrupting a vital oil route.
- On Tuesday, President Donald Trump announced the administration is considering deploying U.S. naval vessels to escort oil and gas tankers through the Strait of Hormuz and is meeting with Energy and Treasury secretaries to discuss options.
- After U.S.-Israeli strikes over the weekend killed Iran’s supreme leader, U.S. crude prices surged nearly $10 per barrel since last week amid Iran targeting vessels in the Strait of Hormuz.
- Examining government-backed maritime insurance is among the options under discussion, as marine insurance companies have sharply raised premiums for commercial tankers transiting the Strait of Hormuz.
- The U.S. military reports it has sunk 11 Iranian ships since Saturday, shifting focus toward missile threats, and Secretary of State Marco Rubio said Monday the administration will unveil a plan Tuesday to address rising oil prices.
- Qatar’s closure of a major export plant and attacks on Saudi Arabian refineries have tightened major LNG and oil shipments, risking further strain on U.S. stockpiles of air-defense interceptors.
170 Articles
170 Articles
Oil jumps 3% as Iran crisis disrupts Middle East supply
Oil prices rose 3% today as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the US Navy could escort vessels through the Strait of Hormuz.
Iran is blocking the Strait of Hormus and is announcing that every ship will be set on fire for a passage. US President now promises military protection for shipping traffic.
US President Trump wants to secure Iran's shipping traffic on the strategically important Hormus road.
Trump says US Navy will escort ships through Strait of Hormuz as Iran war spirals
US President Donald Trump announced Tuesday that the United States Navy will begin escorting commercial tankers through the Strait of Hormuz, a dramatic escalation that would place American warships directly off the coast of Iran as the US-Israeli bombing campaign enters its fourth day.
Trump says U.S. Navy might escort tankers in Persian Gulf
President Donald Trump said Tuesday that the United States might deploy its Navy to escort commercial ships through the Strait of Hormuz, the waterway south of Iran through which a fifth of the world’s oil travels. Shipping companies are not sending oil and gas tankers through the strait because they fear they might be attacked. The sharp reduction in tanker traffic is reducing the supply of oil and pushing up its price. A prolonged shutdown of …
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