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
Vessels seeking protection may be required to take out cover from programme run by Development Finance Corporation

Development Finance Corporation to offer coverage in hopes of restarting shipping through Strait of Hormuz

Investing in alternatives to this and other maritime chokepoints is costly but necessary

Conference comes after Donald Trump warns western allies they will have to secure the strategically important waterway

Brokers say cost of cover to increase by as much as 50% after conflict erupts

US lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan says

US forces will be ready to descend from helicopters on to oil tankers