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.

Present #Insurance from #TheAmericanClub has been removed (2025 version) from website but the future valid from Feb 2026 is still online 🤷‍♂️

#Tavian #Arcusat IMO 1095337 #IMO1095337

www.american-club.com/page/ship-se...

#Meshka on its way to Russia.

Entered #TheAmericanClub with #P&I #Insurance today.
#PortStateControl #PSC in #Landskrona #Sweden with 10 deficiencies.

Safety of Navigation clearly not first-in-mind of that shipping company!

#Sanctions
#Russia
#UAE
#PANAMA
#MaryamShipping
#MauriceBaker