Trump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again
President Donald Trump’s pledge to insure and escort oil and gas tankers in and out of the Middle East has kept pricing surges at bay, but he has about a week to show tangible progress before commodity prices continue spiking, energy and legal analysts said.
Setting up an emergency, government-subsidized insurance system for many hundreds of tankers is complicated enough, but also protecting them from missile and drone attacks adds another massive layer of uncertainty, experts said.
“If you don’t fix it in a week...