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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US will provide insurance for ships in Gulf amid Iranian attacks: Trump
US Navy 'will begin escorting' oil tankers through the Strait of Hormuz, a strategic waterway, if necessary, Trump says. Image: Mikhail Nilov / Pexels Source: Al Jazeera