Event Brief
Bessent Announces Hormuz Shipping Insurance Program
Filed: Mar 26, 2026 at 4:07 PM ET
Summary: Treasury Secretary Scott Bessent states a US insurance program for shipping in the Strait of Hormuz will commence soon.
WHO: Scott Bessent
WHAT: Announcement of a US insurance program for shipping
WHEN: Mar 26, 2026 at 12:26 PM ET
WHERE: Strait of Hormuz
WHY: To boost shipping and revive oil and gas supply flows
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
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