PULSE POINTSWHAT HAPPENED: President Donald J. Trump announced Tuesday afternoon that the United States Development Finance Corporation (DFC) will begin providing “political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf.”WHO WAS INVOLVED: President Trump, the DFC, Iran, the Islamic Revolutionary Guard Corps (IRGC), and global […] The post Trump Admin Moves to Cover Shipping Insurance to Reopen Strait of Hormuz. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: President Donald J. Trump announced Tuesday afternoon that the United States Development Finance Corporation (DFC) will begin providing “political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf.” WHO WAS INVOLVED: President Trump, the DFC, Iran, the Islamic Revolutionary Guard Corps (IRGC), and global shipping insurers. WHEN & WHERE: The announcement was made on Tuesday, March 3, 2026 . KEY QUOTE: “Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade,…Open
President Trump said the U.S. will "immediately" offer "political risk insurance and guarantees" for energy tankers and other ships in the Gulf region , and that the Navy will escort tankers through the Strait of Hormuz if needed. Why it matters: The White House is trying to ease oil price spikes that are starting to boost U.S. gasoline prices. - His statement on Truth Social comes as tankers are avoiding the Strait of Hormuz, the narrow waterway abutting Iran that handles a whopping one-fourth or so of the world's maritime oil trade, and huge amounts of liquefied natural gas, too. Driving the news: Trump said the financial assurances would be offered through the U.S. Development Finance Corp. at a "reasonable price." - "If necessary,…
President Trump said the U.S. will "immediately" offer "political risk insurance and guarantees" for energy tankers and other ships in the Gulf region , and that the Navy will escort tankers through the Strait of Hormuz if needed. Why it matters: The White House is trying to ease oil price spikes that are starting to boost U.S. gasoline prices. - His statement on Truth Social comes as tankers are avoiding the Strait of Hormuz, the narrow waterway abutting Iran that handles a whopping one-fourth or so of the world's maritime oil trade, and huge amounts of liquefied natural gas, too. Driving the news: Trump said the financial assurances would be offered through the U.S. Development Finance Corp. at a "reasonable price." - "If necessary,…Open