Donald Trump has pledged immediate steps to protect energy shipments, including possible U.S. Navy escorts through the Strait of Hormuz. The move comes as regional conflict and oil supply concerns intensify, raising fears of wider instability in the Middle East.
Nepal Verified News
Wed Mar 04 2026
Amid rising tensions in the Middle East and concerns over global oil supplies, U.S. President Donald Trump announced immediate steps to secure maritime trade in the Gulf. He said political risk insurance would be provided for energy shipments and that the U.S. Navy could escort tankers through the Strait of Hormuz if needed to ensure the free flow of oil.
Oil prices showed volatility as the Strait of Hormuz remained disrupted for a fourth day, with Brent crude trading around $82 per barrel. The move signals Washington’s willingness to use both economic and military measures to stabilize energy markets.
The announcement follows recent U.S.-Israeli airstrikes on Iranian targets and Iran’s retaliatory missile and drone attacks across the region, raising fears of a broader conflict.
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