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.
WATCH: Jaafar Jackson Embodies Michael Jackson in ‘Michael.’ But Does He Sing in the Movie?….
JUST IN: Brittany Mahomes and Patrick Mahomes eyes major payday as Kansas City Current hits $325 million valuation…SEE MORE
FLORIDA EXECUTION: In a brief statement before his death, Chadwick Willacy urged his “brothers on the row” to stay strong, and maintained his innocence, saying he would never kill his friend….see more
Just in: Dwayne Johnson Unspools New ‘Moana’ Footage, Talks Channeling Grandfather In Role Of Maui – CinemaCon….see more
News In: Usher and Chris Brown Announce Dates for Co-Headlining ‘R&B Tour’….see more
WATCH VIDEO: Jason Statham Is Unleashed in First Footage From Action Thriller ‘Beekeeper 2’
EXCLUSIVE: AnnaLynne McCord Is Engaged to Danny Cipriani! All the Details of the Christmas Proposal and 15-Carat Diamond Ring…..
JUST IN: Justin Bieber Had His Biggest Streaming Day of the Year After His Coachella Set….see more
Breaking News: Read the Athletic reporter Dianna Russini’s full resignation letter in wake of Mike Vrabel photo drama….see more
JUST IN: The Jackson Family Returns Home: Gary, Indiana Welcomes “Michael” Biopic Premiere After Berlin….see more
Breaking News: Bad Bunny’s business partner? Meet Miami power player David Grutman…see more
