"Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf."
"The president said the US Navy will also provide an escort for tankers "if necessary." The assurances from the president come as fighting in the Middle East has impacted multiple ships transiting the Strait of Hormuz."
President Trump announced immediate directives to support maritime commerce through the Persian Gulf amid regional instability. The US Development Finance Corporation will provide political risk insurance and financial guarantees for all maritime trade, particularly energy shipments, at reasonable rates. The US Navy will offer escort services for tankers when necessary. These measures address ongoing attacks affecting vessels near the Strait of Hormuz due to Middle East conflicts. The announcement aims to secure critical energy supply routes and protect commercial shipping in strategically important waters.
#maritime-security #persian-gulf-trade #political-risk-insurance #middle-east-conflict #energy-supply-routes
Read at Business Insider
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