Trump says we're going to take US Navy and escort tankers through the strait at our cost

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Credit to Trump here for using the US Navy for its original purpose.

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@GROK


Historically, the United Kingdom played a central role in providing marine insurance for global shipping, particularly through institutions like Lloyd's of London, which originated in the late 17th century as a hub for underwriting risks associated with maritime trade.

This system supported Britain's vast empire and naval dominance during the era known as Pax Britannica (roughly 1815–1914), where the Royal Navy effectively guaranteed safe passage for international shipping lanes, enforcing free trade and protecting against piracy and threats.

The UK also subsidized or influenced convoys and protections during major conflicts, such as the Napoleonic Wars, to safeguard commerce.

lloyds.com

In essence, the UK "paid for" these guarantees through its naval expenditures and economic influence, which underwrote global trade security. The UK largely ceased this role after World War II due to economic exhaustion, the costs of maintaining a global empire, and decolonization efforts. The 1956 Suez Crisis highlighted Britain's diminished power, as it could no longer unilaterally enforce control over key trade routes without U.S. support.

the-independent.com

Global naval dominance shifted to the United States under Pax Americana, where the U.S. Navy became the primary guarantor of secure shipping lanes worldwide.

Today, marine insurance is primarily handled by private global markets (e.g., Lloyd's of London still leads in this space, alongside firms like AXA XL and Gallagher).

global.lockton.com +1

Security for shipping lanes is provided by a combination of international coalitions (e.g., via the International Maritime Organization) and major navies, with the U.S. Navy playing the dominant role in high-risk areas like the Persian Gulf.

supplychaindigital.com

Private maritime security firms (e.g., Hart Maritime, Seagull Maritime Security) also offer armed escorts and risk assessments for specific voyages.

marineinsight.com

Regarding President Trump's statement (posted today on Truth Social, which integrates with X): He announced that the U.S. would provide political risk insurance and guarantees for all maritime trade—especially energy shipments—through the Gulf, via the U.S. Development Finance Corporation (DFC) at a low cost, with potential U.S. Navy escorts if needed.

maritime-executive.com +1

This effectively means "we [the U.S.] will do it" in the context of stepping in to backstop shipping risks. The reason is to address disruptions in the Persian Gulf (e.g., from Iranian attacks or blockades), where private insurers have withdrawn war risk coverage, causing oil prices to spike and threatening global energy supplies.

argusmedia.com +1

By offering government-backed insurance and security, the U.S. aims to stabilize trade flows and prevent economic fallout.

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He’s also full of shite.

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we're

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our

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