Trump offers U.S. insurance, military escorts to energy tankers in Mideast

President Trump said the U.S. will "immediately" offer "political risk insurance and guarantees" for energy tankers and other ships in the Gulf region, and that the Navy will escort tankers through the Strait of Hormuz if needed. Why it matters: The White House is trying to ease oil price spikes that are starting to boost U.S. gasoline prices. Oil prices retreated Tuesday as word of the plans began to emerge. His statement on Truth Social comes as tankers are avoiding the Strait of Hormuz, the