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US Considers Military Escorts and Insurance Support for Oil Tankers Amid Strait of Hormuz Tensions

The Trump administration is contemplating military escorts and federal insurance for oil and gas tankers passing through the Strait of Hormuz following U.S.-Israeli strikes on Iran, which caused crude oil prices to surge nearly $10 per barrel. Secretary of State Marco Rubio pledged to take measures to control further price spikes.
Date: 03.03.2026  |  Source: FOR-EX.NEWS

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