article author: Nour El-Shaeri Author: Wed, 2026-03-04 15:30RIYADH: A pledge by US President Donald Trump to provide insurance and naval escorts for maritime trade in the Gulf has been welcomed, but with concerns over how long it would take to come into force.In a social media post on March 3, the president said the offer will be available to all shipping lines, and added that “if necessary” the US Navy would escort tankers through the Strait of Hormuz.The announcement comes as commercial marine insurers and shipping operators reassess risk in and around the Gulf in light of the US-Israel war with Iran.Main category: Business & EconomyTags: War in IranUS Naval ForcesStrait of Hormuz
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