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

Nvidia Surges Over 3% in Overnight Trading, Report Says US Approves Sale of NVDA H200 Chips to 10 Chinese Companies

TradingKey - During the U.S. stock overnight trading session on May 14 (Eastern Time), Nvidia (NVDA.US) shares surged, with gains briefly exceeding 3% and reaching a session high of $232.35.

Trump’s China Visit Boosts China Stocks Nearly 4%, Alibaba Favored by AI Bets Despite Weak Results

TradingKey - On May 13 (ET), U.S. President Trump arrived in Beijing to begin a three-day visit. Markets expect both sides to engage in dialogue on issues such as trade and technology, a move that has eased concerns over a further escalation of U.S.-China tensions.

Pricing Hiked Three Times to $185. What Gives Cerebras Confidence in Its $49B Valuation After Spurning SoftBank?

TradingKey - AI chipmaker Cerebras Systems is racing toward a US IPO with momentum far exceeding expectations, as Wall Street's fervor for the AI semiconductor sector is fully reflected in the company.

Applied Materials (AMAT) Earnings Preview: AI Chip Demand, Capital Expenditure Trends, & Trade Setups - In Progress

TradingKey - The May 14 report comes when AMAT has risen by 179.83% over the past year and the whole semiconductor equipment cycle rests on AI demand for cutting-edge chips.

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

Featured Tools