United States President Donald Trump has said that the U.S. Navy could escort ships through the Strait of Hormuz to safeguard global energy supplies.

Trump made the disclosure on his Truth Social account, and it was also posted on the official White House X account on Tuesday, March 3, 2026.

The announcement comes amid escalating regional tensions and the withdrawal of war risk insurance by major marine insurers in Iranian and Gulf waters.

Trump announced that the U.S. will use both military and financial tools to safeguard global energy shipments.

He added that he Navy may escort vessels through the Strait of Hormuz if necessary, while the United States Development Finance Corporation will provide political risk insurance and guarantees to shipping lines operating in the Gulf.

“Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, 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. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” Trump’s post read in part.

The White House added that all shipping lines operating in the Gulf will be eligible for DFC-backed insurance coverage, ensuring financial protection alongside potential naval escorts.

President Donald Trump emphasized that these measures aim to ensure uninterrupted energy transit and prevent disruptions to global oil and gas markets.

The announcement comes amid a growing Middle East crisis. Major marine insurers—including Gard, Skuld, NorthStandard, the London P&I Club, and the American Club—have withdrawn war risk coverage for vessels operating in Iranian waters, the Gulf, and surrounding seas, effective March 5.

The cancellations follow a series of attacks on ships and regional strikes, raising significant operational and financial risks for shipowners.