The U.S. Navy has announced it will not be ready to escort oil tankers through the Strait of Hormuz for several weeks, despite requests from the industry for military support amid escalating tensions with Iran. While U.S. officials maintain that naval escorts may begin once militarily possible, the reality remains complicated by global insurance concerns and operational readiness. The Trump administration is under pressure to ensure the safe passage of oil shipments while managing the economic impact of rising global oil prices due to the Iran conflict. With insurance leader Chubb stepping in to provide a $20 billion reinsurance program for Gulf shipping, experts express skepticism about the effectiveness of these measures amidst ongoing threats in the region. The situation unfolds against a backdrop of military preparedness discussions and calls from the U.S. government for oil tanker crews to continue operating despite risks.