US-Israel-Iran war: Trump throws US government’s weight behind anxious shippers, assures financial guarantees

On Tuesday, March 3, President Donald Trump announced that he had directed the US International Development Finance Corporation to offer financial guarantees and political risk insurance for maritime commerce passing through the Gulf. He also mentioned that the US Navy could start escorting oil tankers through the Strait of Hormuz if needed.In a Truth Social post, the US president said “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. This will be available to all Shipping Lines. “

He also added, “If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come.”In light of the intensifying turmoil in the Middle East, which has increased the risks to shipping across vital waterways, the move represents one of the administration’s most dramatic actions to date to control rising energy prices and calm oil markets.

Trump’s economic message has placed a strong emphasis on lowering fuel prices for Americans, and this action shows that he is prepared to use both military and financial means to keep the world’s crude supply from being disrupted.

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