US Doubles Hormuz Guarantees to $40 Billion With New Partners
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway.
Hormuz Blockade Disrupts Trade
- Trump Says US Can “Take the Oil” as Hormuz Crisis Deepens Al Jazeera —
- French ship becomes first western vessel allowed through Strait of Hormuz since start of Iran war after Macron blasts Trump for strategy and 'inelegant' remarks about wife Brigitte Daily Mail —
- Trump’s Mission Impossible for Allies: Reopening the Strait of Hormuz Wall Street Journal —
- Checking a bag on United Airlines now costs $10 more as Iran war sends jet fuel costs up nearly 100% in major hubs Fortune —
- 'Regime change' in the Strait of Hormuz sees 20,000 sailors stranded at sea ABC News —