Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say (1)

President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis.

US and Israeli strikes on Iran over the weekend have triggered a spiraling regional conflict and multiple attacks on vessels have now effectively closed off the Strait of Hormuz. Without transit through the critical waterway, seaborne trade between some of the world’s biggest oil and gas producers and the rest of the world is all but ...