Trump: U.S. Navy May Escort Tankers Through Strait of Hormuz, More European Warships en Route to Med

President Donald Trump signaled the U.S. would provide military escorts and war insurance to oil tankers transiting the Strait of Hormuz after the Iranian Revolutionary Guard Corps threatened to attack vessels in the strategic waterway crucial to the world’s natural gas and oil network. “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. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers