The unlikely tool Trump is eyeing to tackle rising oil prices amid the Iran conflict

The new battleground in the Gulf isn’t just on the water — it’s in the insurance market, where war-risk coverage can determine which oil tankers sail and which stay put.

With the conflict driving gasoline prices higher, the White House is weighing steps to keep oil flowing through the Strait of Hormuz and to keep prices from climbing further.

The Strait of Hormuz, a narrow passage between Iran and Oman, carries roughly 20 million barrels of oil a day and about one-fifth of global supply of liquefied natural gas. When conflict flares in the region, even the threat of disruption can rattle markets because so much of the world’s energy moves through that single corridor.

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