WASHINGTON, D.C., March 3, 2026 – President Donald J. Trump has directed the United States Development Finance Corporation (DFC) to immediately offer political risk insurance for all maritime trade — with a special focus on energy shipments — through the Persian Gulf, while signalling that the U.S. Navy stands ready to escort tankers through the Strait of Hormuz if necessary.
The announcement, posted on the official White House X account, comes as escalating tensions in the Middle East have severely disrupted shipping through the world’s most critical energy chokepoint.
“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, especially Energy, traveling through the Gulf,” President Trump stated. “This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible.”
He added: “No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come. Thank you for your attention to this matter!”
The graphic accompanying the White House post features President Trump addressing the nation, underscoring America’s commitment to keeping global energy supplies secure.
The Strait of Hormuz carries approximately 20% of the world’s oil supply. Recent attacks on vessels and threats to close the waterway have caused tanker traffic to plummet and freight rates to surge to record levels, pushing oil prices sharply higher and raising concerns among energy-importing nations worldwide.
The DFC insurance scheme is designed to restore confidence among shipping companies by covering risks of war, seizure or political disruption. Analysts expect the combined insurance and potential naval protection to encourage a quick resumption of normal trade flows.
Early market reaction has been positive, with oil prices easing following the announcement as investors bet on restored stability in global energy supplies.
Life News Agency will continue monitoring developments in the Gulf and their impact on global oil prices and Asian economies, including Malaysia.
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