What to know about the agency Trump says will insure ships in the Persian Gulf

March 5, 2026

TL;DR

President Trump announced the U.S. International Development Finance Corporation (DFC) will insure ships in the Persian Gulf.
This action is intended to ensure the 'free flow of energy' amid the Iran war.
The DFC will provide political risk insurance to commercial shipping charterers, shipowners, and maritime insurance companies.
Major global insurers have suspended coverage for ships in Iranian waters and the Gulf due to escalating risks.
Disruptions to oil shipments are already impacting oil prices and gas costs.
The DFC, established in 2019, typically supports development finance projects in low-income countries.
Concerns have been raised about the potential cost to American taxpayers if payouts are required.
The scope of the DFC's insurance coverage, whether it includes non-U.S. flagged ships, is unclear.

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