US to Insure and Potentially Escort Tankers Through Strait of Hormuz, Trump Says
Mar 4th 2026
On March 3, 2026 President Trump announced that the US will provide insurance guarantees through the DFC and may deploy Navy escorts to keep oil and commercial traffic moving through the Strait of Hormuz amid the war with Iran.
- The US International Development Finance Corporation will offer insurance guarantees for oil tankers and commercial vessels in the Gulf.
- President Trump said the insurance will be available at a "very reasonable price" and that escorts would begin "as soon as possible" if necessary.
- The United States Navy could begin escorting tankers through the Strait of Hormuz to ensure safe passage.
- The measures are intended to prevent a potential energy supply shock linked to the war with Iran.