US EditionAsian LNG Prices Fall on U.S. Plan to Secure Hormuz Strait
President Trump signals U.S. Navy readiness to escort tankers amid rising Iran tensions after attacks raised global oil prices by 4.7%, the White House said.
- This past week, the White House said the U.S. Navy would escort tankers through the Strait of Hormuz if necessary, as tensions with Iran rise.
- Following the February 28 killing of Iran's leader, Iran fired missiles and drones, and at least three tankers were damaged in the Gulf, raising fears of disrupted shipments.
- On Tuesday, Brent settled at $81.40 a barrel, rising 4.7%, as traders priced higher supply risk, while the EIA estimates about 2% of U.S. petroleum liquids transit Hormuz.
- Markets reacted quickly, and the EIA notes higher shipping and insurance costs could tighten supply, while a GasBuddy-linked report says drivers could see a 10-30 cent per gallon increase.
- That echoes the 1980s Tanker War when the U.S. reflagged Kuwaiti tankers and launched Operation Earnest Will in 1987, with the Strait of Hormuz never fully closing during conflicts.
20 Articles
20 Articles
Lloyd's of London in talks over Trump plan to backstop ships in the Strait of Hormuz
Lloyd’s of London is in talks with the U.S. International Development Finance Corporation regarding President Donald Trump’s plan to offer political risk insurance for ships traveling through the Strait of Hormuz to permit the flow of oil despite the threats posed by the conflict with Iran. The president touted a plan earlier this week to help the transportation of oil and gas through the Strait of Hormuz by offering financial and logistical su…
The Association of German Shipowners, VDR, has welcomed the idea of US President Trump to escort ships through the Strait of Hormus.
Strait of Hormuz Escorts May Trigger Iran’s Anti-Ship Missiles
President Donald Trump’s suggestion that the US would insure and protect oil tankers and other vessels passing through the Strait of Hormuz may potentially bring Iran’s anti—ship missiles into play, adding a new dimension to a conflict largely defined by air power.
Asian LNG Prices Fall on U.S. Plan to Secure Hormuz Strait
Asia’s spot LNG prices fell on Thursday from the three-year high hit on Wednesday after U.S. President Donald Trump pledged the United States would “immediately” provide “political risk insurance and guarantees” for tankers transiting the Strait of Hormuz. President Trump also noted that the U.S. Navy would escort energy tankers in the region if needed. Although the plan has yet to come to fruition, spot LNG prices in Asia retreated slightl…
US says Navy may escort oil tankers; Iran crisis worries chip industry
US says Navy could escort oil tankers through the Strait of Hormuz as tensions with Iran grow, while South Korea’s chip industry warns the war may delay Middle East AI data center projects and disrupt supplies of key semiconductor materials
Trump’s Hormuz Escort Order is a Desperate, Deadly Gambit That Will Sink America
The order came via a social media post from a commander-in-chief who has just set the Middle East ablaze. On March 3, 2026, President Donald Trump announced he had directed the U.S. Navy to begin escorting commercial oil tankers through the Strait of Hormuz and ordered a federal agency to provide political risk insurance for all Gulf maritime trade [1][2]. I believe this is not a strategic masterstroke but the frantic thrashing of an administrat…
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