Industry doubts Trump plan to insure Gulf oil tankers as Iran war halts transit
US lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan says
US lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan says

Trump suggests warring sides are closer to a permanent ceasefire

Threat follows Donald Trump’s announcement that America would ‘guide’ stranded ships through waterway

Naval embargo designed to cut off Iran’s exports threatens to destabilise global energy markets

Address by Trump signalling possible escalation of Iran conflict raises prospect of prolonged closure of Strait of Hormuz

Executives step up lobbying to convince White House that Tehran controlling the strategic waterway sets dangerous precedent

Disruption to tanker traffic at the Strait of Hormuz would pose a much bigger risk to oil supply