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US Offers Navy Escorts, Insurance for Mideast Oil Tankers

March 4, 2026·20 days ago·via Politico
US Offers Navy Escorts, Insurance for Mideast Oil Tankers
The Trump administration offers naval escorts and government-backed insurance for oil and gas tankers navigating the Strait of Hormuz amid Iran's attacks on shipping and facilities. Oil prices have spiked nearly $10 per barrel, threatening American consumers as Iran targets the vital chokepoint carrying 20% of global oil deliveries. Read more about this...

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