US agency to create $20bn reinsurance facility for Gulf shipping
Development Finance Corporation to offer coverage in hopes of restarting shipping through Strait of Hormuz
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US explored tying naval escorts in Strait of Hormuz to government insurance
Vessels seeking protection may be required to take out cover from programme run by Development Finance Corporation
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US lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan says
Bypassing the Strait of Hormuz
Investing in alternatives to this and other maritime chokepoints is costly but necessary
Beyond the stricken Gulf, global trade is relatively calm
The Strait of Hormuz is vital for oil and related products but not a critical shipping thoroughfare
Gulf insurance costs soar 12-fold despite Trump guarantee
Shipowners quoted millions of dollars in premium as brokers grapple with risk