On March 3, President Trump announced on Truth Social:
Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (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. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH.
Surprisingly, despite this solemn assurance by the President of the United States, no oil tankers are willing to risk the passage through the Straits of Hormuz, and oil prices are skyrocketing. Most CEOs love Trump because he has given them huge tax breaks at the expense of 99.99% of Americans. But they are not stupid. They know better than to trust their profits to the promises of D.J. Trump.
Tom DeCoursey
Oak Park
