Trump Says US to Provide Insurance to All Maritime Trade in Gulf

uss kearsarge (lhd 3) transits the strait of hormuz.

(Reuters) – President Donald Trump said on Tuesday he had ordered the United States Development Finance Corporation to provide insurance and guarantees for the financial security of all maritime trade, including oil tankers, traveling through the Gulf region.

He made the comments in a Truth Social post.


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


Reporting by Bhargav Acharya and Ryan Patrick Jones in Toronto; Editing by David Ljunggren

Share This:


More News Articles

 

  • Related Posts

    Trump Welcomes United Arab Emirates Exit From OPEC

    (Reuters) – U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates’ move to pull out of OPEC and said he thinks the move could help lower oil prices.…

    Gasoline Stocks Plummet, Prices Climb with Peak Demand Season Around the Corner

    (Reuters) – U.S. drivers can expect another spike in gasoline prices in the coming days, just as the summer driving season gets underway, as the conflict in Iran drives oil…

    Have You Seen?

    Trump Insists on Nuclear Deal before Lifting Hormuz Blockade

    • April 30, 2026
    Trump Insists on Nuclear Deal before Lifting Hormuz Blockade

    Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC

    • April 30, 2026
    Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC

    Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge

    • April 30, 2026
    Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge

    Pakistan PM: Oil Import Costs Up 167% Since Iran War Began

    • April 30, 2026
    Pakistan PM: Oil Import Costs Up 167% Since Iran War Began

    Gasoline Stocks Plummet, Prices Climb with Peak Demand Season Around the Corner

    • April 29, 2026
    Gasoline Stocks Plummet, Prices Climb with Peak Demand Season Around the Corner

    Trump Welcomes United Arab Emirates Exit From OPEC

    • April 29, 2026
    Trump Welcomes United Arab Emirates Exit From OPEC

    Trump Urges Iran to Sign a Deal After Report Suggests US May Extend Blockade

    • April 29, 2026
    Trump Urges Iran to Sign a Deal After Report Suggests US May Extend Blockade

    Ares to Acquire Rover Natgas Pipeline Stake from Blackstone

    • April 29, 2026
    Ares to Acquire Rover Natgas Pipeline Stake from Blackstone

    US Oil Stocks Plummet, Country Becomes Net Crude Exporter on Weekly Basis for First Time, EIA Says

    • April 29, 2026
    US Oil Stocks Plummet, Country Becomes Net Crude Exporter on Weekly Basis for First Time, EIA Says

    Biggest US Grid Operator to Begin Processing New Power Plant Projects

    • April 29, 2026
    Biggest US Grid Operator to Begin Processing New Power Plant Projects