Donald Trump: US Navy to Escort Oil Tankers Through Strait of Hormuz If Needed
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Trump: US Navy to Escort Oil Tankers Through Strait of Hormuz Amid Iran War
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News18•04-03-2026, 02:52
Trump: US Navy to Escort Oil Tankers Through Strait of Hormuz Amid Iran War
•US President Donald Trump announced the US Navy will escort oil tankers through the Strait of Hormuz if necessary.
•The move aims to ensure the free flow of energy to the world amid escalating concerns over supply disruptions due to the Iran conflict.
•Trump directed the United States Development Finance Corporation (DFC) to provide political risk insurance and financial guarantees for maritime trade in the Gulf.
•World oil prices surged, with Brent crude topping $85 a barrel, and European natural gas prices rose, fueling inflation fears.
•The Strait of Hormuz, handling a fifth of global oil shipments, is effectively closed due to US/Israeli strikes and Iranian retaliation.