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Trump Administration Considers Military Escorts and Insurance for Tankers Amid Rising Oil Prices

The Trump administration is evaluating military escorts and federal insurance support for oil and gas tankers passing through the Strait of Hormuz following U.S.-Israeli strikes on Iran that pushed crude prices up nearly $10 a barrel. Secretary of State Marco Rubio pledged to take action to curb further price spikes. This move aims to stabilize energy supply routes amid heightened geopolitical tensions.
Date: 03.03.2026  |  Source: FOR-EX.NEWS

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