U.S. to Reinsure Maritime Losses in Gulf Up to $20B | 8 march 2026 | The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development Finance Corporation said on Friday. President Donald Trump on Tuesday ordered the DFC to provide political risk insurance and financial guarantees for maritime trade in the Gulf after oil and liquefied natural gas tanker transit had ground to a halt in the Strait of Hormuz waterway off Iran, where ordinarily 20% of global oil moves daily. Trump also said the U.S. Navy could escort ships in the Gulf. But the ability to do that is unclear with some Navy vessels carrying out strikes against Iran and shooting down its missiles. Escorting ships also could be risky for naval escorts.