Trump moves to give oil ships financial cover amid Iran war
The Hill
by Sylvan LaneMarch 3, 2026
President Trump took steps Tuesday to prevent a sharp decline in global oil supply and give maritime shipping companies financial protection amid the war in Iran. The president said Tuesday he was ordering the U.S. Development Finance Corp. (DFC), a federal agency, to provide political risk insurance for shipping companies traveling through the Persian Gulf.…
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Originally published on The Hill on 3/3/2026