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2026-03-04 Economy

Lloyds out of Persian Gulf, President Trump says US gov’t will backstop war insurance for Gulf shipping

BREAKING: President Trump says US government will backstop war insurance for all shipping in the Persian Gulf.

In addition, he says the U.S. Navy will provide naval escort to tankers in the Strait of Hormuz. But note the “… as soon as possible…” which isn’t very reassuring pic.twitter.com/ifPUmv9Y3h
— Javier Blas (@JavierBlas) March 3, 2026

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Posted by trailing wife 2026-03-04 2026-03-04 00:37|| E-Mail|| Front Page|| [1793 views ] Top
File under: Govt of Iran

1 A huge economic and political opportunity for US here. Lloyds “names” are the English ruling class, and insurance is a major capital inflow for London.

Posted by Knuckles Grundy1702 2026-03-04 05:34|| 2026-03-04 05:34|| Front Page Top

2 It is more of a money grab by Lloyd’s. Not sure why we would backstop foreign flags. We escorted US flagged vessels in the late 80’s to 90’s.

Posted by Super Hose 2026-03-04 05:53|| 2026-03-04 05:53|| Front Page Top

3 Not surprising, Lloyds is part of the bankers fiefdom and is located inside the City of London.
MI6 has an office across the street. It suggests MI6 laundered intel via Five Eyes for Lloyd's, and it is apparent to me that Lloyd's used this intel to gauge their insurance quotes.

This is winning.

Posted by mossomo 2026-03-04 14:45|| 2026-03-04 14:45|| Front Page Top

4 Also helps keep oil prices down.

Posted by DarthVader 2026-03-04 16:10|| 2026-03-04 16:10|| Front Page Top

5 So is Lloyd's declining insurance for Persian Gulf shipping for economic/risk reasons? Or perhaps because Steiner is 'suggesting' they should?

Posted by Glenmore 2026-03-04 18:23|| 2026-03-04 18:23|| Front Page Top

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