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US guarantees for Gulf maritime trade ‘doable’ but could take weeks, experts warn
RIYADH: A pledge by US President Donald Trump to provide insurance and naval escorts for maritime trade in the Gulf has been welcomed, but with concerns over how long it would take to come into force. In a social media post on March 3, the president said the offer will be available to all shipping lines, and added that “if necessary” the US Navy would escort tankers through the Strait of Hormuz. The announcement comes as commercial marine insurers and shipping operators reassess risk in and around the Gulf in light of the US-Israel war with Iran.
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bbc.com
Trump says US Navy will protect ships in Middle East 'if necessary'
The US President said he was taking steps to keep energy supplies flowing as oil prices continued to surge.
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independent.co.uk
Trump mulls protection for oil tankers as prices spike and Iran threatens key strait
The president also said he was offering government-backed risk insurance for ships passing through the Gulf region
