Trump’s War Insurance Decree Follows Predictable Pattern

Tad DeHaven

Commercial shipping traffic through the Strait of Hormuz has collapsed in the wake of the Trump administration’s “precise, overwhelming military campaign” against Iran. Shipping costs are rising to reflect the heightened risk, and maritime insurers are canceling policies to renegotiate higher rates. 

On Tuesday, Trump announced on social media, “Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price...