US considering oil tanker insurance support to ease Middle East crude shipments, sources say - Reuters

<a href="https://news.google.com/rss/articles/CBMixwFBVV95cUxOU3ZOT0o3R2ozb013akFlRjIxVVpsUWZrOXJKQW5xZWVYMDlVZTczVkYybERVbXpzZUNXa0VocWMxbWNDQnFOR051XzR3SnY0ZXg4dFBIdHo0T21xanJXX1g4dDU2SmNXTXdEU1RwaVhDYU1XVFZlR204anFYUzZQUWR1Rlp3OU8yNnBLcndPX2pNTXB0Q2ZoczljaDRIdXVsaW1oRkt2OTB1TVNZdFNiQmJ5OE9VMV96cDVUR2Y0NE1lOTRIZk5r?oc=5" target="_blank">US considering oil tanker insurance support to ease Middle East crude shipments, sources say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

U.S. President Donald Trump is reviewing policy options to control energy prices amid the escalating Middle East conflict, including a proposal for the government to help oil tankers in the region obtain insurance. This comes as global crude oil prices have spiked due to disruptions in Middle East oil tanker shipments following recent military actions.

In response to escalating tensions in the Gulf, several leading marine insurers, including Gard, Skuld, NorthStandard, the London P&I Club, and the American Club, have announced the cancellation of war-risk coverage for ships operating in the region, effective March 5. This move is expected to further deter shipowners from traversing the Gulf, potentially leading to higher shipping costs and increased energy prices globally.