The United States once considered linking escort operations in the Strait of Hormuz with government insurance.

According to the Financial Times, quoting sources familiar with the matter, the Trump administration has explored a plan that would require ships passing through the Strait of Hormuz to purchase government insurance from the US Navy. The report cited unnamed sources as saying that the Trump administration studied a plan to require ships escorted by the US Navy through the Strait of Hormuz to purchase insurance provided by the US government. The government is considering requiring ships applying for Navy escort to buy insurance through a project collaborated with the US International Development Finance Corporation and the private insurance company Amda Insurance, rather than purchasing commercial insurance on the private market. According to market sources directly involved with the Development Finance Corporation, these ships would be required to purchase government insurance covering the vessel, machinery, and cargo. It is not clear yet whether the Trump administration will push for the mandatory insurance provision in the plan. The US Department of Defense and Central Command have declined to comment on whether the US Navy will only provide escort for ships insured through the DFC.