Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say

President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it...

By Weilun Soon, Ruth Liao, Serene Cheong · Bloomberg Markets

President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis.