Trump assures anxious shippers: Financial guarantees, Navy escort for Gulf trade
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CNBC TV18•04-03-2026, 07:07
Trump assures anxious shippers: Financial guarantees, Navy escort for Gulf trade
•President Donald Trump directs US International Development Finance Corporation (DFC) to offer financial guarantees and political risk insurance for Gulf maritime commerce.
•US Navy could escort oil tankers through the Strait of Hormuz if necessary, ensuring free flow of energy.
•Announcement made on Truth Social, targeting all shipping lines with "very reasonable price" insurance.
•Move aims to control rising energy prices and calm oil markets amid Middle East turmoil.
•Action highlights Trump's commitment to using military and financial means to prevent crude supply disruption.