With the addition of new insurance partners, the United States is doubling its commitment to reinsurance guarantees for vessels willing to transit the Strait of Hormuz to $40 billion.
The U.S. International Development Finance Corporation (DFC) announced that Travelers, Liberty Mutual, Berkshire Hathaway, American International Group (AIG), Starr, and CNA Financial will join Chubb in providing an additional $20 billion in reinsurance for the agency's maritime financing facility.

At 9 p.m. Eastern Time on Wednesday, Trump delivered a national address, claiming a "rapid and decisive victory" in the US military's war against Iran and stating that core strategic objectives were nearing completion. He emphasized that Iran would never be allowed to possess nuclear weapons and called the US strikes on Iranian nuclear facilities a "huge success." Regarding the Strait of Hormuz, Trump encouraged countries to "take responsibility for themselves" without providing a clear timetable for its reopening. Escalating tensions in the Middle East have put markets on edge, and the US military may intensify its strikes in the coming weeks. Will the US-Iran conflict end quickly as Trump hopes? How will the energy market evolve?

At 9 p.m. Eastern Time on Wednesday, Trump delivered a national address, claiming a "rapid and decisive victory" in the US military's war against Iran and stating that core strategic objectives were nearing completion. He emphasized that Iran would never be allowed to possess nuclear weapons and called the US strikes on Iranian nuclear facilities a "huge success." Regarding the Strait of Hormuz, Trump encouraged countries to "take responsibility for themselves" without providing a clear timetable for its reopening. Escalating tensions in the Middle East have put markets on edge, and the US military may intensify its strikes in the coming weeks. Will the US-Iran conflict end quickly as Trump hopes? How will the energy market evolve?

Trump's tough stance: Is the war with Iran nearing its end?

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The U.S. International Development Finance Corporation (DFC) announced that, with the addition of new insurance partners, it will double the reinsurance guarantee for vessels willing to transit the Strait of Hormuz to $40 billion. The newly joined insurers include Travelers, Liberty Mutual, Berkshire Hathaway, American International Group (AIG), Starr, and CNA Financial, which will provide an additional $20 billion in reinsurance for Chubb's maritime financing facility

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US Joins New Partners to Double Strait of Hormuz Reinsurance Guarantee to $40 Billion