The unlikely tool Trump is eyeing to tackle rising oil prices amid the Iran conflict Oil tankers face insurance crisis in Strait of Hormuz as war-risk coverage disappears. President Donald Trump proposes government-backed insurance program.

How is that even legal?

#Global "INSURERS" are already tightening terms. #MaritimeInsuranceCorporations #Gard, #Skuld, #NorthStandard, #theLondonPIClub and #theAmericanClub, have already #canceled #WarRiskCoverage, leaving voyages through #Iran & #thePersianEmpire's nearby waters #WithoutInsurance.