US President Donald Trump has ordered the US Navy to escort oil tankers through the Strait of Hormuz if necessary, to ensure the "free flow of energy". This move comes amid escalating tensions in the Middle East, particularly between the US and Iran. Trump also directed the US Development Finance Corporation to provide political risk insurance and guarantees for maritime trade in the Gulf.

The Strait of Hormuz is a critical waterway, handling around 20% of global oil supplies and significant volumes of liquefied natural gas. The US move aims to stabilize global energy markets and deter further attacks on shipping in the region ¹ ².

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