
Trump Offers U.S. Risk Insurance for Gulf Shipping
Trump ordered U.S. Development Finance Corporation to offer political risk insurance and guarantees for Gulf shipping after war-risk cover was withdrawn, and raised the option of tanker escorts.

Trump ordered U.S. Development Finance Corporation to offer political risk insurance and guarantees for Gulf shipping after war-risk cover was withdrawn, and raised the option of tanker escorts.

Iran’s IRGC warned that the Hormuz route is closed and vessels attempting passage would be attacked, raising fresh operational and insurance risk for tanker trades.

Crowley said the U.S.-flagged tanker Stena Imperative was hit while docked in Bahrain, killing one shipyard worker. The ship suffered “aerial impacts,” and an onboard fire was quickly extinguished.
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