Trump’s Gulf of Hormuz Maritime Security and Insurance Proposal

Photo: Strait of Hormuz. W. Bulach, CC BY-SA 4.0, via Wikimedia Commons.

Following U.S. and Israeli strikes on Iran beginning February 28, 2026, a senior IRGC official declared the Strait of Hormuz closed and threatened to set ablaze any vessel attempting to transit. The strait is one of the most important global energy chokepoints, carrying about 20 percent of the world’s oil supply, roughly 20.3 million barrels per day in 2024.

An Iranian Revolutionary Guards commander said Iran would...