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Donald Trump Unveils $20 Billion Reinsurance Plan for Oil Tankers Amid Iran Tensions
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Trump Unveils $20 Billion Reinsurance for Iran War Tankers to Calm Waters
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CNBC TV18
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07-03-2026, 10:38
Trump Unveils $20 Billion Reinsurance for Iran War Tankers to Calm Waters
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Donald Trump announces a $20 billion reinsurance program for oil tankers in the Strait of Hormuz.
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Aims to revive commerce and stabilize trade amidst US/Israeli attacks on Iran and rising oil prices.
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US International Development Finance Corp. (DFC) will implement maritime reinsurance, including war risk.
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The facility covers vessels for losses up to $20 billion on a rolling basis.
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Follows Trump's order to ensure energy flow; US military escort is a possibility, but no arrangements yet.
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