Hurdles mount for Trump's Hormuz plan
Amid ongoing Middle East hostilities, the Trump administration seeks Navy escorts and a U.S. International Development Finance Corp insurance program to cover ships trapped in the Strait of Hormuz, but analysts warn the plan may be impractical: the DFC's $205 billion cap is far below the roughly $352 billion in coverage JP Morgan estimates would be needed, while logistics and sanctions complicate any rollout and energy prices are already rising.