The United States announces military protection and financial support to stabilize international oil prices

As concerns over rising international oil prices intensify, U.S. Secretary of the Treasury Scott Bessent has announced that he is prepared to unveil several relief measures. Especially after remarks from President Donald Trump, he further clarified that the U.S. plans to provide military protection for oil tankers passing through the Strait of Hormuz and to offer insurance and guarantee support for energy transport vessels in the Gulf region.

Recently, Secretary Scott Bessent emphasized that the crude oil market has sufficient supply. However, he stated that new plans will be announced to fill gaps and demonstrated a willingness to ease market anxiety. He particularly highlighted that even in areas far from the Gulf, large reserves of crude oil are stored, so supply is not an issue.

On the other hand, President Donald Trump said that to ensure the safe passage of oil tankers, military protection will be provided for ships passing through the Strait of Hormuz. He also announced that the U.S. International Development Finance Corporation will offer insurance and guarantee services for such vessels at reasonable prices.

In response, Secretary Scott Bessent said that the U.S. Navy would be mobilized if necessary to secure safe routes for oil tankers passing through the strait. This is seen as a measure by the U.S. government to mitigate the economic instability caused by soaring international oil prices and to strengthen the security of global crude oil transportation channels, demonstrating its resolve.

It remains to be seen how these measures will impact the stability of international crude oil prices in the future. If Trump’s government intervention can stabilize the market, it is likely to have a positive effect on restoring confidence in the international energy market.