US to provide insurance for maritime trade in Gulf

Summary

President Trump ordered the U.S. Development Finance Corporation to provide insurance and guarantees for all maritime trade, including oil tankers, in the Gulf region. This move aims to enhance the financial security of maritime operations in the area.

Recent Coverage

• US to reinsure maritime losses in Gulf up to about $20 billion, agency says

  Economic Times - India Time • Mar 7

• JP Morgan Warns DFC Insurance Cap is Too Small for the Risk

  RigZone • Mar 5

• Trump Orders U.S.-Backed Insurance and Navy Escorts for Gulf Shipping

  OilPrice.com • Mar 4

• Trump says US to provide insurance to all maritime trade in Gulf

  BOE Report • Mar 3