Why Has President Trump Ordered Political Risk Insurance and Potential Navy Escorts for Ships in the Strait of Hormuz?
President Donald Trump announced on March 3, 2026, via Truth Social that he has directed the United States Development Finance Corporation (DFC) to immediately offer political risk insurance and financial guarantees for all maritime trade—especially energy shipments—transiting the Persian Gulf and Strait of Hormuz. He described the coverage as available “at a very reasonable price” … Read more