US Tanker Insurance Plan for Gulf Waters Takes Shape. The Trump administration is moving forward with a plan to insure oil tankers navigating the Strait of Hormuz, a critical energy chokepoint where vessel traffic has essentially halted. Marsh, the world's largest insurance broker, confirmed it is working with the US International Development Finance Corporation on the initiative and expects details to be finalized within a few weeks. The program aims to provide coverage at reasonable rates to restore commercial shipping through the Persian Gulf, where energy exports have been severely disrupted. While insurance support could help ease concerns, shipowners remain cautious about transit risks until regional hostilities cease. Marsh previously arranged similar coverage for Ukrainian grain exports through Black Sea corridors.