On March 4th, U.S. President Trump posted on social media: "I have directed the U.S. Development Finance Corporation (DFC) to provide political risk insurance and financial security for all maritime trade passing through the Gulf region (especially energy) at very reasonable prices. This will be open to all shipping companies. If necessary, the U.S. Navy will begin escorting oil tankers through the Strait of Hormuz as soon as possible. In any case, the U.S. will ensure the free flow of energy to all parts of the world. More actions are coming." Following this news, Brent crude oil and WTI crude oil prices dropped more than $2.5 in the short term.

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