Summary
- The U.S. government said it is reviewing a U.S. military escort plan for oil tankers and gas carriers transiting the Strait of Hormuz.
- It noted that crude prices have recently risen by nearly $10 a barrel and that concerns over supply shocks are growing.
- It said the Trump administration is also discussing mobilizing the U.S. Navy and introducing a government-backed insurance program.
Forecast Trend Report by Period
The U.S. government is reported to be reviewing a plan for the U.S. military to escort oil tankers and gas carriers transiting the Strait of Hormuz. The move follows disruptions to maritime transport driven by threats from Iran, which have pushed up energy prices.
On the 3rd (local time), Walter Bloomberg reported that the Trump administration is discussing measures to deploy the U.S. Navy to protect vessels transporting crude oil and gas. The administration is also considering introducing a government-backed insurance program to keep shipping operations running.
Crude prices have recently risen by nearly $10 a barrel. Continued attacks on vessels and energy infrastructure have heightened concerns about additional supply shocks.
If the report materializes, the operation is expected to focus on protecting merchant ships from missile and drone threats.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
