Trump pledges maritime insurance and Navy escort protection for Middle East shipping, calming market volatility.

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Trump pledges maritime insurance and Navy escort protection for Middle East shipping, calming market volatility. U.S. markets pared significant losses following the announcement, with the Dow closing down 0.83% after falling over 1,200 points earlier. The S&P 500 declined 0.94% and Nasdaq shed 1.02%. Meanwhile, prolonged natural gas price surges from Middle East tensions threaten European and Asian economies more severely than the U.S., which benefits from domestic shale production and LNG capacity. Regional disruptions intensified as drone strikes damaged Amazon Web Services data centers in the UAE and Bahrain, triggering widespread app and digital service outages. Geopolitical escalation continues affecting global trade routes and energy markets significantly.

CNBC Daily Open: Trump promises insurance and protection for Gulf shipping

Wednesday, March 4, 2026 at 4:40 PM

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