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🔴The price of WTI and Brent crude oil dropped sharply again after Trump announced measures to ensure the transportation of crude oil at sea.
Trump announced the provision of insurance for maritime crude oil transportation, with the navy escorting if necessary
U.S. President Trump posted on social media: Effective immediately, I have instructed the U.S. Development Finance Corporation (DFC) to provide political risk insurance and financial security at very reasonable prices for all maritime trade activities (especially energy) passing through the Gulf area. This will open up opportunities for all shipping companies. If necessary, the U.S. Navy will soon begin escorting oil tankers through the Strait of Hormuz. In any case, the United States will ensure the free flow of energy everywhere in the world. More actions are coming soon. Influenced by this information, the prices of Brent and WTI crude oil have dropped sharply.