Trump Orders US Navy Escort and Insurance for Gulf Shipping Amid Strait of Hormuz Tensions

Amid escalating tensions in West Asia and disruptions in the Strait of Hormuz, US President Donald Trump directed the United States Development Finance Corporation to provide political risk insurance for maritime trade, especially energy shipments, at reasonable rates. He also stated that the US Navy could begin escorting oil tankers through the strategic waterway if necessary to ensure uninterrupted global energy flows. The move follows attacks involving Iran and concerns over supply disruptions affecting global oil markets.