Trump threatens to storm Hormuz by force, and France moves an aircraft carrier to secure trade
The US President said, Donald Trump, on Tuesday, ordered the US International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade passing through the Persian Gulf and the Strait of Hormuz, especially oil shipments, warning that the US Navy may soon begin escorting tankers Emmanuel Macron, intends to send the aircraft carrier "Charles de Gaulle" To the Mediterranean Sea in an effort to secure sea lanes and ensure European economic interests in the region.
This step comes after the rise in energy prices as a result of the United States and Israel’s war on Iran, which increased pressure on markets that were already suffering from a lack of supplies. Macron confirmed his intention to form an alliance to secure the sea lanes in the region.
Confusion of maritime shipping
The newspaper reported "Financial Times"One day ago, insurance companies informed shipowners that they would cancel insurance policies and raise coverage prices for ships crossing the Strait of Hormuz, following the US-Israeli attack on Iran.
Intermediaries told the British newspaper that war risk insurance companies sent notices on Saturday to cancel insurance policies covering ships crossing this vital oil corridor, with expectations of prices rising by up to 50% in the coming days.
These announcements come in light of the rise in oil prices in the coming days. The latter following Iranian threats to target ships crossing this strategic waterway.
Approximately one-fifth of the world’s seaborne oil passes through this narrow strait between Iran and the Sultanate of Oman, in addition to large quantities of liquefied natural gas.
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