Trump admin announces $20 billion reinsurance program for oil tankers during Iran war
Tanker traffic through the Strait of Hormuz remains at a standstill as the Iran war engulfs the region. Image: Andrew Neel / Pexels Source: CNBC
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Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say
President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis. Image: Farshid Zabbahi / Pexels Source: Bloomberg
Trump Says US Willing to Escort Vessels Through Hormuz
President Donald Trump said the US will provide insurance guarantees and naval escorts for vessels through the Strait of Hormuz, as tensions rise with Iran. (Source: Bloomberg) Image: Jon Tyson / Unsplash Source: Bloomberg