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.
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221 Articles
Trump Orders U.S. Agency to Backstop Maritime Trade in Persian Gulf as Insurers Withdraw
The President also indicated that there is the possibility of US Navy escorts for ships sailing through the Strait of Hormuz. The post Trump Orders U.S. Agency to Backstop Maritime Trade in Persian Gulf as Insurers Withdraw first appeared on Le·gal In·sur·rec·tion.
Iran War: Global tensions around the Strait of Hormus threaten energy trade.
Trump announces protection of shipping in the Strait of Hormuz and security for commercial vessels. US President Donald Trump announced his intention to secure shipping through the Strait of Hormuz, which is threatened by Iran, including through US naval escorts for tankers if necessary.
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.
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