According to Trump, the US Navy may accompany gas and oil ships over the Strait of Hormuz. Donald Trump, the president of the United States of America, has hinted that in order to avoid interruptions in the world’s energy supplies, the U.S. Navy may accompany ships over the Strait of Hormuz.
On Tuesday, March 3, 2026, Trump revealed the information via his Truth Social account and posted it on the official White House X account. The news comes after major marine insurers operating in Iranian seas and the Gulf withdrew their war risk insurance due to escalating regional tensions.
Hear Trump
- While the U.S. Navy may escort vessels if necessary, the United States Development Finance Corporation (DFC) will provide political risk insurance and guarantees to shipping lines operating in the Gulf.
- “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 through the Strait of Hormuz, as soon as possible,” Trump’s post read in part.
Major marine insurers operating in Iranian seas and the Gulf withdrew their war risk insurance due to escalating regional tensions.
Trump underlined that the insurance steps are intended to guarantee continuous energy transportation and avoid upsetting the world’s oil and gas markets.
