# Development Finance Corporation

Trump Pledges U.S.-Backed Insurance and Naval Escorts for Ships Transiting Strait of Hormuz

President Trump vowed that a U.S. development finance entity will offer affordable insurance for ships transiting the Strait of Hormuz and that the U.S. Navy will escort tankers if needed. The move aims to reassure markets amid heightened tension with Iran after attacks disrupted Gulf oil shipments, but raises legal, operational and escalation risks.