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Trump Says US Will Escort Tankers in Strait of Hormuz

President Donald Trump said the US will provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz as the conflict in the Middle East continues. He said Tuesday the US International Development Finance Corporation would offer insurance "at a very reasonable price" to help ensure the flow of commercial trade in the Gulf. Bloomberg's Joumanna Bercetche reports. (Source: Bloomberg)