Trump Says US Will Escort Tankers in Strait of Hormuz
Bloomberg Television·2026-03-04 07:01
Very interesting announcement from the president yesterday, saying that the US are looking to provide naval escorts and to lower insurance costs for any vessels and tankers looking to pass through the Strait. And as we've been talking about, the Strait has effectively been closed because tankers vessels are opting not to use it over concerns, over safety and also cost as well. Just to give you an idea of costs Vonnie.Back on Friday, if you wanted to hire a super tanker that would deliver your oil to China w ...