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.
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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
