No. of Recommendations: 2
I suggested the deep-pocketed Saudis underwrite the shippers. No. Let's have the $38T in debt US, everybody's b!tch, pay the costs.
In a post on Truth Social, Trump ordered DFC to offer at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines.
The president also said the U.S. Navy would escort oil tankers through the Strait of Hormuz if necessary.https://thehill.com/business/5765477-trump-orders-...I knew Trump the God's "plan" to mitigate oil prices would be at government expense. I wonder if this is it, or if we get a replay of the summer of 2020: a government check, with God and Savior Trump's name on it, followed up by a letter from Trump the Magnificent saying words to the effect "I sent you money. Aren't I great?".
We old phartz remember how this worked out in the 80s. One USN frigate was nearly lost to a mine strike. The Iraqis stuffed an Exocet into another frigate, and a destroyer shot down a scheduled airliner flight full of civilians.
Steve
