Miner Company
Doubts Emerge About Trump's Marine War Insurance Plan
The feasibility and efficacy of President Donald Trump's plan to backstop marine insurers covering shipping in the Persian Gulf is being questioned as the war between the US and Israel and Iran continues. Trump announced on his Truth Social platform on March 3 that he had ordered the US International Development Finance Corporation to extend political risk insurance and guarantees at a very reasonable price to secure maritime trade on its transit through the Gulf.
The feasibility and efficacy of President Donald Trump's plan to backstop marine insurers covering shipping in the Persian Gulf is being questioned as the war between the US and Israel and Iran continues. Trump announced on his Truth Social platform on March 3 that he had ordered the US International Development Finance Corporation to extend political risk insurance and guarantees at a very reasonable price to secure maritime trade on its transit through the Gulf.