SENSEX
NIFTY
GOLD
USD/INR

Weather

image 29    C

Economy News

The Economic Times

Economy / The Economic Times

details

US to reinsure maritime losses in Gulf up to about $20 billion, agency says

The U.S. will offer up to $20 billion in reinsurance for the Gulf region to bolster confidence for oil and gas shippers amid the war on Iran. President Trump ordered the DFC to provide political risk insurance and financial guarantees for maritime trade after transit in the Strait of Hormuz halted.

7 Mar 2026 6:38 am