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US insurance program meant for Strait of Hormuz to  begin soon:Scott Bessent

US insurance program meant for Strait of Hormuz to begin soon:Scott Bessent

by AIP Online Bureau | Mar 27, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Scott Bessent,US Treasury Secretary Although the program was first unveiled March 3, there’s no evidence that any vessels benefiting from the initiative have passed through the strait, a chokepoint for roughly a fifth of global oil and gas flows. Treasury Secretary...

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