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U.S. to Reinsure Maritime Losses in Gulf Up to $20B
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10 Articles
U.S. to Reinsure Maritime Losses in Gulf Up to $20B
U.S. to Reinsure Maritime Losses in Gulf Up to $20B | 8 march 2026 | The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development Finance Corporation said on Friday. President Donald Trump on Tuesday ordered the DFC to provide political risk insurance and financial guarantees for maritime trade in the Gulf after oi…
As Iran threatens all those who want to travel the Strait of Hormus, oil prices are rising. President Trump wants to calm the situation with a state insurance solution and marine escorts for tankers. Shipowners and insurers are not convinced.
The US government has announced a state-supported reinsurance program to get oil and gas transport back on track through the Hormus Strait. Iran's war has brought ship traffic in the region almost to a halt, so that the oil price has risen to over $100 for the first time since February 2022. However, experts are skeptical that the measure is sufficient. The contribution US reinsurance program for ships in the Gulf region encounters skepticism fi…
The US wants to provide ships in the Gulf region with a "maritime reinsurance solution" of up to $20 billion (EUR17.5 billion), which also includes war risk coverage. US International Development Finance Corporation, through which the insurance program is to run, is convinced that the oil and gas transports brought to a halt by the Iran war will be brought back to life by sea through the Strait of Hormus. Experts doubt this.
U.S. DFC to reinsure maritime losses in the Gulf of up to $20bn on a rolling basis
The United States (U.S.) International Development Finance Corporation (DFC) and the U.S. Treasury have unveiled a plan to deploy Maritime reinsurance, including war risk, in the Gulf region, which has been approved by President Trump. This new agreement was announced by Ben Black, Chief Executive Officer (CEO) of DFC, and Scott Bessent, Secretary of the U.S. Treasury. The plan is to work in close coordination with CENTCOM in order to restore co…
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