President Trump has announced that the U.S. International Development Finance Corporation (DFC) will provide political risk insurance for ships navigating the Persian Gulf to ensure the “free flow of energy” amid tensions related to the Iran war. This decision comes as traditional insurers withdraw from covering maritime trade in the region due to escalating risks, leading to rising oil prices. Concerns remain about who will benefit from this insurance and the potential costs to American taxpayers if payouts are necessary.
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