To mitigate the consequences of military operations launched in the Middle East on US inflation and economic growth, the Trump administration is seeking to ensure unimpeded shipping through the Strait of Hormuz and to implement insurance mechanisms.

From tanking stocks to spiking oil prices to tens of thousands of Americans stranded overseas with no easy way home, the president has unleashed a global mess.

The president has said the U.S. could give military escorts to oil tankers in the region to ease the strain on global energy supplies