Trump said that the United States will provide insurance for trade passing through the Gulf.

date
04/03/2026
President Trump stated that he has ordered the U.S. International Development Finance Corporation "to offer political risk insurance and guarantees at very reasonable prices for all maritime trade passing through the Gulf, especially energy, to ensure their financial security." "This will apply to all shipping companies, and if necessary, the U.S. Navy will begin escorting oil tankers through the Strait of Hormuz as soon as possible," Trump said.