DFC Rolls Out $20B Gulf Maritime Reinsurance to Stabilize Global Trade
The U.S. International Development Finance Corporation announced a $20 billion rolling maritime reinsurance facility (covering hull, machinery, and cargo) for Gulf transit, coordinated with CENTCOM and Treasury, to restore confidence in maritime trade and keep oil, LNG, jet fuel, and fertilizer flowing amid tensions with Iran, with U.S. insurers partnering for rapid implementation.