Trump Offers Straits of Hormuz Naval Escorts, Political Risk Insurance – RedState

It came as little surprise that, in response to Operation Epic Fury, there quickly followed reports that Iran was threatening to close the Strait of Hormuz. As our Ward Clark noted at the time:

The Strait is a major shipping lane, as well as being a major bottleneck between the Persian Gulf and the Arabian Sea. Iran holds the east shore of the Strait, while Dubai holds the peninsula that forms the west shore of the narrow point of the Strait. The United Arab Emirates and Oman are neighboring countries to Dubai. The United Arab Emirates, we might note, are probably peeved at having been the apparent target of Iranian missiles, despite them not having been involved in the American/Israeli operations.

And while those initial reports were just that, they soon were followed by reports of explosives and electronic attacks significantly affecting shipping in the region.


READ MORE: Report: U.K. Royal Navy Trade Org Says Iran Is Threatening to Close Strait of Hormuz

Islamic Republic of Iran Not Dead Yet, Reportedly Using Electronic Warfare in Crucial Strait of Hormuz


On Tuesday, President Trump took to Truth Social and announced a counter-offensive:

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, traveling through the Gulf. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come. Thank you for your attention to this matter! President DONALD J. TRUMP

And the announcement seemed to have at least some of the desired effect: 

The White House will offer naval escorts and political risk insurance for oil and gas tankers traversing the Strait of Hormuz, President Donald Trump said Tuesday, in a bid to cool energy prices that have surged since Iran warned it would attack ships at the choke point.

The announcement brought some immediate relief to the overheated crude oil market, curbing the rally that had added more than $10 a barrel of oil since the U.S. and Israel began launching strikes against Iran on Saturday. Still, energy markets remain nervous that key oil and gas assets in the Persian Gulf may be targeted by Tehran.

How this will play out long-term obviously remains to be seen, but at first blush, this appears to be a wise counter-measure. 

Editor’s Note: For decades, former presidents have been all talk and no action. Now, Donald Trump is eliminating the threat from Iran once and for all.

Help us report the truth about the Trump administration’s decisive actions to keep Americans safe and bring peace to the world. Join RedState VIP and use promo code FIGHT to get 60% off your VIP membership.

You May Also Like

Congressional Republicans Need To Start Fighting Abortion

Amid high-profile losses at the ballot box since the overturning of Roe,…

Sen. Warnock Will NOT Let Record Turnout in Ga. Ruin Dems' 'Voter Suppression' Narrative

The Democrats’ “Georgia voter suppression laws” narrative, which the rightful governor of…

Ex-CNN star Don Lemon arrested on federal charge for Minnesota church protest

Your support helps us to tell the story From reproductive rights to…

‘All You Care About Is Illegals And Their Votes!’

Only 10 percent of Europeans believe Ukraine can secure victory in its…