{"id":13818,"date":"2026-03-04T03:35:53","date_gmt":"2026-03-04T03:35:53","guid":{"rendered":"https:\/\/inernews.online\/?p=13818"},"modified":"2026-03-04T03:35:53","modified_gmt":"2026-03-04T03:35:53","slug":"us-will-provide-insurance-for-ships-in-gulf-amid-iranian-attacks-trump-energy-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=13818","title":{"rendered":"US will provide insurance for ships in Gulf amid Iranian attacks: Trump | Energy News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>US Navy \u2018will begin escorting\u2019 oil tankers through the Strait of Hormuz, a strategic waterway, if necessary, President Trump says.<\/em><\/p>\n<\/div>\n<div><button class=\"article-listen-container\" aria-labelledby=\"listen-text listen-duration\" data-testid=\"listen-to-article-button\"><\/p>\n<p><span class=\"article-listen-container__text\" data-testid=\"listen-to-article-text\">Listen to this article<\/span><span aria-hidden=\"true\">\u00a0|\u00a0<\/span><span class=\"article-listen-container__duration\">2 mins<\/span><\/p>\n<p><\/button><button tabindex=\"0\" class=\"tooltip-accessible_trigger\"><svg class=\"icon icon--info icon--main-grey-dark icon--16 listen-to-article-tooltip__icon\" viewbox=\"0 0 24 24\" version=\"1.1\" aria-hidden=\"true\" role=\"presentation\"><title>info<\/title><path class=\"icon-main-color\" d=\"M12 0a12 12 0 1 0 0 24 12 12 0 0 0 0-24Zm-.226 3.225a2.039 2.039 0 0 1 2.155 1.924v.193a1.998 1.998 0 0 1-2.155 2.149 2.029 2.029 0 0 1-2.146-2.15 2.039 2.039 0 0 1 1.955-2.122h.193l-.002.006Zm3.227 15.525a.75.75 0 0 1-.752.75H9.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.75h.748V12h-.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.751h3a.75.75 0 0 1 .75.752v6.75h.75a.75.75 0 0 1 .75.749L15 18.75Z\"\/><\/svg><\/button><\/div>\n<div>\n<div class=\"byline byline--single-avatar\">\n<div class=\"avatars-container\">\n<div class=\"responsive-image\"><img 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1.924v.193a1.998 1.998 0 0 1-2.155 2.149 2.029 2.029 0 0 1-2.146-2.15 2.039 2.039 0 0 1 1.955-2.122h.193l-.002.006Zm3.227 15.525a.75.75 0 0 1-.752.75H9.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.75h.748V12h-.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.751h3a.75.75 0 0 1 .75.752v6.75h.75a.75.75 0 0 1 .75.749L15 18.75Z\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>President Donald Trump has announced that the United States government will offer insurance to ships in the Gulf after Iran largely succeeded in shutting down the Strait of Hormuz, sending oil prices soaring.<\/p>\n<p>The US president added that the US military will accompany ships through Hormuz if necessary.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 3 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>\u201cEffective 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, especially Energy, traveling through the Gulf,\u201d Trump wrote in a <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116166926920657651\" target=\"_blank\" rel=\"noopener\">social media post<\/a> on Tuesday.<\/p>\n<p>DFC is the US government\u2019s development finance agency. Its mission is to \u201cadvance US foreign policy and strengthen national security by mobilising private capital\u201d across the world.<\/p>\n<p>Trump added that the discounted risk insurance will be available for all shipping lanes.<\/p>\n<p>\u201cIf necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,\u201d he wrote.<\/p>\n<p>\u201cNo matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD.\u201d<\/p>\n<p>The Strait of Hormuz is a vital trade artery that connects the Gulf to the Indian Ocean. Around 20 percent of the world\u2019s oil flows through it.<\/p>\n<p>The price of oil has shot up by more than 15 percent since the US and Israel launched strikes on Tehran that started a war with Iran three days ago.<\/p>\n<p>Costs are expected to rise even higher as oil supplies decrease as a result of Iran\u2019s closure of the strait, as well as attacks on energy instalments in the Gulf.<\/p>\n<p>Some insurance companies were reported to have cut back coverage amid the Iranian attacks.<\/p>\n<p>Although the US is largely self-sufficient with its oil production, an uptick in prices globally could boost inflation and hike the cost for Americans at the gas or petrol pump.<\/p>\n<p>The average price of one gallon of gas (3.8 litres) in the US jumped more than 11 cents overnight to $3.11 on Tuesday, according to an online price tracker run by the American Automobile Association, better known as AAA.<\/p>\n<p>Earlier on Tuesday, Trump stressed that the attack on Iran \u201chad to happen\u201d despite its human cost and the strain it is putting on the energy market.<\/p>\n<p>\u201cWe have a little high oil prices for a little while, but as soon as this ends, those prices are going to drop, I believe, lower than even before,\u201d he told reporters.<\/p>\n<p>Opinion polls show that the attack on Iran is unpopular among the US public. Increasing economic costs from the war could further diminish support for the war, months ahead of the US midterm elections.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Navy \u2018will begin escorting\u2019 oil tankers through the Strait of Hormuz, a strategic waterway, if necessary, President Trump says. Listen to this article\u00a0|\u00a02 mins info Published On 3 Mar 20263 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo President Donald Trump has announced that the United [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/13818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13818"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/13818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/13059"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}