Trump promises Gulf ships cheap insurance as London rivals cancel policies

[mia]

Source: The Telegraph

Donald Trump has promised cheap insurance for ships travelling through the Strait of Hormuz in a challenge to Lloyd’s of London.

The US president said he had ordered America’s international investment body to insure ships travelling through the Persian Gulf at a “very reasonable price” after the outbreak of fighting in the Middle East led insurers to cancel polices and dramatically raise rates.

Mr Trump wrote on Truth Social: “Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, travelling through the Gulf.”

The pledge is an attempt to calm international oil markets, which have been rocked by conflict in the Middle East. Investors are concerned that the war with Iran could not only disrupt oil production but also halt trade....

Read more: https://www.telegraph.co.uk/business/2026/03/04/trump-promises-gulf-ships-cheap-insurance-lloyds-of-london/

[cachukis]

1. Was wondering how many shipping companies

would trust trump insurance.

[sarisataka]

2. Anyone who believes a Trump promise to pay money

is a fool

[Nictuku]

3. This means that US Taxpayers will pay the Insurance for ALL shipping companies going through the straight

Example: A Ship loaded with Oil from Kuwait destined for China gets damaged or sunk: The Bill goes to The US Taxpayers.

NO ONE VOTED FOR THIS

The Link Below has information about the above, and LOTS more. I watch Jake Broe's videos Daily, usually focusing on Ukraine. This war is Spilling Over.

I am a fan of Jake, I hope that you become one too:

[angrychair]

4. This is INSANE

This fuck face fucking moron is spending money he doesn't have. This is the most irresponsible, pudding headed nonsense I've at least heard today. That puts us on the hook for billions of dollars and not to mention would put a target on every ship that takes that deal.

[flashman13]

5. The problem isn't insurance. The problem is Donald Trump. That is all!

We've got a three year old having a tantrum running around busting shit and nobody will stop him. WTF?

[Enter stage left]

6. My advice, GET THE MONEY UPRONT, IN CASH!

[radical noodle]

7. Cheap insurance for ships

but no cheap health insurance for US taxpayers.

[LudwigPastorius]

8. So, he's going to start paying out 100 to 200 million tax dollars to owners for every tanker that gets popped?

Trump wants to set a record for the most expensive war ever. And, that ain't going to bring down oil prices.

"A war, costing the likes of the world has never seen!"

[SergeStorms]

9. He'll just deny all claims anyway.

Insurance is one of the biggest rackets on the planet. They can always find a reason to deny claims.

Figures, tRump finds yet another way to line his pockets. You can bet he'll find a way to enrich the tRump crime family with this.