US President Donald Trump says will provide insurance for ships in Gulf amid Iranian attacks

FXStreetMar 4, 2026 12:13 AM

View all comments（0）



US President Donald Trump said the country's navy will offer insurance to ships in the Gulf after Iran largely succeeded in shutting down the Strait of Hormuz, BBC reported on Tuesday. Trump added that the US military will accompany ships through Hormuz if necessary.

His remarks came after an Iranian official on Monday threatened to "set fire" to any ship trying to pass through the Strait of Hormuz, and the Iranian military has reportedly fired on several vessels in the area.

Market reaction

At the time of writing, the Gold price (XAU/USD) is trading 0.24% lower on the day to trade at $5,100. Meanwhile, the West Texas Intermediate (WTI) is up 3.22% on the day at $73.60.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Today’s Market Recap: AI Chip Stocks Pull Back, Micron Falls Over 6%, June Non-Farm Payroll Data Becomes Market Focus

TradingKey - On June 26, Eastern Time, the three major U.S. stock indexes closed mixed. Tech stocks remained under pressure and the semiconductor sector continued its pullback, dragging the Nasdaq down for a fifth consecutive trading day.

Japan and South Korea Stocks Open Lower; KOSPI Tumbles 3% to Lead Asian Tech Stocks, Samsung Electronics, SK Hynix and SoftBank Pull Back in Tandem

The KOSPI and Nikkei 225 indices continued to pull back, as Samsung Electronics, SK Hynix, SoftBank, and Kioxia fell across the board.

Ark Invest Buys SpaceX Dip Against the Trend, Why Cathie Wood Is Bullish on Musk’s ‘Orbital Computing Power Empire’

If you believe in "Space + AI Edge Computing," SpaceX stock could be considered for the long term. In the short term, SpaceX's stock price has corrected from its peak of $225 to around $154, deflating much of the speculative bubble from its early IPO phase and returning to a reasonable strategic allocation range.

Sandisk (SNDK) Weekend Outlook: Can the S&P 500's Best Stock Extend Its 857% Rally?

TradingKey - Sandisk (SNDK) enters the new week after an 857% rally in 2026. Here's what to watch, including Micron's record quarter, Core PCE, NAND demand, and key risks.

Gold Price Forecast: Does Gold Falling Below $4,000 Mean the Bull Market Is Over? Will It Still Rise in the Second Half of 2026?

TradingKey - Heading into the second half of 2026, the gold market has transitioned from a strong performer early in the year to an asset undergoing a high-level correction. Recently, gold prices fell below the $4,000 threshold for the first time since November 2025, down approximately 29% from the all-time high of $5,597.91 reached in January. On the surface, gold seems to have entered a period of distinct weakness. However, looking at the full-year horizon, can gold still rise in 2026? The answer is that while short-term pressure persists, there are still opportunities for a medium-term recovery, and the long-term bullish thesis remains intact.

Featured Tools