US Offers Navy Escorts, Insurance for Mideast Oil Tankers

March 4, 2026·3 days ago·via Politico

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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