BUSINESSglobal
US explored linking Hormuz naval escorts to government insurance
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Updated 2 hours ago
First seen March 20, 2026 17:40:36Stay on top of this story
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Quick Summary
The Trump administration considered plans to require ships escorted by the U.S. Navy through the Strait of Hormuz to buy insurance from the U.S. government, the Financial Times reported on Thursday. U.S. President Donald Trump had earlier signaled that Washington would insure commercial vessels seeking to transit the strategic waterway, as its near closure by ...