US Launches $20 Billion Reinsurance Plan to Ease Gulf Oil Trade
The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran.
🔗 Read more: https://www.bloomberg.com/news/articles/2026-03-06/us-launches-20-billion-reinsurance-plan-to-ease-gulf-oil-trade
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Edited
www.bloomberg.com
US Launches $20 Billion Reinsurance Plan to Ease Gulf Oil Trade
The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran.
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