Trump announced that he will provide political risk insurance and financial guarantees for maritime trade in the Gulf region, and stated that the U.S. Navy may escort oil tankers to ensure the flow of global energy. This news caused Brent crude and WTI crude prices to plummet more than $2.5 in the short term.
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Trump announced that he will provide political risk insurance and financial guarantees for maritime trade in the Gulf region, and stated that the U.S. Navy may escort oil tankers to ensure the flow of global energy. This news caused Brent crude and WTI crude prices to plummet more than $2.5 in the short term.