US President Donald Trump said he has ordered 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.
DFC is closely monitoring how certain sectors—maritime trade and energy in particular—are being impacted by the current conflict in the Middle East and the Iranian regime’s actions, it said in a statement.
DFC will offer support to commercial shipping charterers, shipowners, and key maritime insurance providers to minimize market disruptions and help ensure the free flow of goods and capital, it added.
“DFC is here to provide support and stability in order to ensure there are minimal disruptions to operations and markets,” said DFC CEO Ben Black.
DFC’s Political Risk Insurance and Guaranty products will help ensure commerce, capital, and energy can operate at capacity during the ongoing conflict, he added.
Businesses and financial institutions seeking to access DFC’s Insurance and Guaranty products should contact DFC directly at maritime@dfc.gov.
The U.S. International Development Finance Corporation (DFC), established in 2019 with bipartisan support under President Trump, is the international investment arm of the U.S. Government. DFC partners with the private sector to advance U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology — fostering economic development, supporting U.S. interests.
Also read: https://industrialeconomist.com/strait-of-hormuz-all-you-need-to-know/
