US EditionTrump says US Navy will escort tankers through Strait of Hormuz 'if necessary'
President Trump directs U.S. Navy to escort tankers and offers political risk insurance to secure maritime trade amid rising oil prices and Iranian threats, affecting 20% of global oil flow.
- 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.
255 Articles
255 Articles
Gas hits $3.20 as Trump promises oil tankers safe passage around Iran
Gasoline prices are surging as the U.S. and Israel continue to exchange attacks with Iran. Facing a price spike in line with what occurred in 2022 after Russia invaded Ukraine, President Donald Trump outlined a plan Tuesday to bring the price of oil under control. In a post on Truth Social, Trump said the U.S. International Development Finance Corporation (DFC), a government agency established during Trump’s first term, would offer insurance fo…
Many ships are trapped in the Persian Gulf because of the Iran war. US President Trump is therefore considering escort protection by the US Navy. German shipowners are aroused by hope - and doubt at the same time.
Asia Intelligence Brief for Wednesday, March 4, 2026
ASIA EDITION · MARKETS · GEOPOLITICS · ENERGY · DEFENCE · TRADE What Matters Today 1 Trump orders US Navy to escort Hormuz tankers; IRGC declares “complete control” of strait — US President Trump posted on Truth Social Wednesday directing the US Development Finance Corporation to immediately offer political risk insurance to energy tankers transiting […]
BN Briefing: MTN's Iran "complicity" - Dr Abedian; Normandien Farms CEO on parly "raid"; Trump and the Strait of Hormuz
As the world grows more uncertain, clarity matters more than ever. BNC#8 brings together some of the smartest and most experienced minds to help you cut through the noise and navigate the turbulence with greater confidence. Tickets are selling out fast, with only 40 left. Don’t waste time, book your place at BNC#8 by clicking here or on the image below.BNC#8 Tonight’s BizNews Briefing opens with Normandien Farms’ Sean Hoatson, who describes what…
By Tim Lister, CNN - Shipping experts are skeptical about the feasibility of US President Donald Trump's plan to escort merchant ships and oil tankers through the Strait of Hormuz. On Tuesday night, Trump posted on Truth Social that he had directed the US Development Finance Corporation to provide, "at a very reasonable price, insurance against political risks and guarantees for the financial security of all maritime trade, especially energy tra…
Panic in the White House due to the energy crisis after the closure of the Strait of Hormuz
The administration of US President Donald Trump is clutching its head in a desperate search for a way out of the energy crisis after Iran blocked the Strait of Hormuz. The White House hopes to stop it at the expense of the state insurance system…
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