What to know about the agency Trump says will insure ships in the Persian Gulf
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As concerns over the global oil supply intensify , President Trump has pledged that a little-known U.S. government agency will step in to insure ships sailing through the Persian Gulf, a move he said will maintain the "free flow of energy" as the Iran war continues. The Trump administration has tapped the U.S. International Development Finance Corporation, or DFC, for the job, with the president noting on Truth Social that the agency will provide political risk insurance to "all shipping lines.
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