NEWS
JUST IN: The US just doubled its war-risk insurance for ships moving through the Strait of Hormuz to a massive $40 billion….see more
The move announced Friday is the latest US effort to ease worries over the vital waterway and to encourage traffic to resume, despite an effective Iranian blockade and continued hostilities in the five-week war.
Friday’s announcement marks the first significant details the DFC has revealed publicly about its reinsurance program since the project’s original Formation almost a month ago.
The effective closure of the strait, which typically carries about a fifth of global oil and liquefied natural gas flows, has roiled markets and triggered a broad energy crisis.
“Along with Chubb, these leading American insurers bring deep underwriting experience in marine and marine war coverage, strengthening our efforts to help restore confidence in maritime trade,” DFC Chief Executive Officer Ben Black said in a statement.
Trump on Friday reiterated his frustration over the strait’s closure and the failure of allies to help the US reopen the waterway.
Breaking News: NFL Writer discusses the Kansas City Chiefs’ most valuable trade asset…see more
Machine Gun Kelly has reacted after his ex, Megan Fox, posted a series of steamy photos that quickly caught the internet’s attention. Fans immediately began speculating about his response, with social media buzzing over the lingering connection between the two stars…..
Breaking News: IShowSpeed injured after LA Knight throws him mid livestream as WWE crossover turns unexpectedly real…see more
Breaking News: Fans panic as Darren Jason Watkins Jr popularly known as IShowSpeed says ‘I’m quitting YouTube’…see more
JUST IN: The US just doubled its war-risk insurance for ships moving through the Strait of Hormuz to a massive $40 billion….see more
DEVELOPING: Israeli officials just signaled they will continue military operations against Iran, completely regardless of President Trump’s push for peace talks….see more
JUST IN: Iran Foreign minister Abbas Araghchi says: “We are deeply grateful to Pakistan for its efforts and have never refused to go to Islamabad. What we care about are the terms of a conclusive and lasting END to the illegal war that is imposed on us.”….
JUST IN: A second Turkish-owned ship has passed through the strait of Hormuz….
JUST IN: Amid Iran War, Trump’s Defense Secretary Pete Hegseth Forces Out Army Chief Gen. Randy George and Other Senior Officers Due to Fears of Losing His Job….Read more
Mark Carney: Trump’s reckless bullying has just backfired spectacularly!! He underestimated the power of calm and strategic resolve!! This is a GAME CHANGER for politics and markets alike!! Raise your hand if you agree Carney just won this battle!…..
Breaking News: Elizabeth Taylor’s estate addresses Taylor Swift paying homage to late movie star in new music video…see more
