Trump’s Shipping Insurance Flops As Iran Reportedly Launches Bitcoin-Based Insurance For Hormuz
President Trump's maritime insurance program for the Strait of Hormuz has not attracted any buyers since its announcement. The U.S. International Development Finance Corporation has yet to provide coverage, despite a potential $40 billion program. Meanwhile, Iran is reportedly offering Bitcoin-backed insurance for its shipping companies in the region.
- ▪The U.S. International Development Finance Corporation has not issued any policies under Trump's maritime insurance program.
- ▪The Strait of Hormuz has been largely closed to shipping traffic due to ongoing conflicts since February 28.
- ▪Iran has started offering Bitcoin-backed insurance for its shipping companies navigating the strait.
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Business Trump’s Shipping Insurance Flops As Iran Reportedly Launches Bitcoin-Based Insurance For Hormuz (Handout photo by Mass Communication Specialist 1st Class Jesse Monford/U.S. Navy via Getty Images) Francis Kapper Contributor May 18, 2026 3:01 PM ET May 18, 2026 3:01 PM ET Francis Kapper Contributor Font Size: const observer = new MutationObserver((mutations) => { const adDivToHide = document.querySelector("#dailycaller_incontent_1"); if (adDivToHide && dc_noads_page) { adDivToHide.classList.add("hide-premium", "hide-free"); observer.disconnect(); console.log("Ad div found and hidden"); } }); observer.observe(document.body, { childList: true, subtree: true }); President Donald Trump’s effort to reopen the Strait of Hormuz with a multibillion-dollar maritime insurance program has so…
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