Tag: DFC
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Getting Oil Tankers To Return to the Strait of Hormuz
With oil traffic halted in the Strait of Hormuz, the U.S. approved a $20 billion reinsurance backstop to lure insurers and tanker operators back into the region. The move may stabilize oil markets, but it raises serious questions about navigational hazards, potential blockages, and the human risks faced by tanker crews.
