President Donald Trump’s pledge to insure and escort oil and gas tankers in and out of the Middle East has kept pricing surges at bay, but he has about a week to show tangible progress before commodity prices continue spiking, energy and legal analysts said.
Setting up an emergency, government-subsidized insurance system for many hundreds of tankers is complicated enough, but also protecting them from missile and drone attacks adds another massive layer of uncertainty, experts said.
“If you don’t fix it in a week, the crude markets will get skeptical and impatient, which will translate into higher prices,” said oil forecaster Dan Pickering, founder of the Pickering Energy Partners consulting and research firm. “That’s a feedback loop that would put more pressure on the U.S. government.”
Read more: https://fortune.com/2026/03/05/trump-pledge-free-flow-energy-middle-east-week-before-prices-spike/
Source: fortune