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- $0 BUSINESS! Trump’s ‘Hormuz Insurance Scheme’ Flops, Embarrassment After Zero Ship Signups | Report
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$0 BUSINESS! Trump’s ‘Hormuz Insurance Scheme’ Flops, Embarrassment After Zero Ship Signups | Report
| May 17, 2026, 07:00:00 AM | TOI.in
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Trump’s $40 billion emergency plan to rescue trade in the Strait of Hormuz just hit a brick wall. A stunning new report reveals that NOT A SINGLE commercial ship has signed up for the government’s insurance program. Even though the White House promised cheap coverage to beat skyrocketing war-risk premiums, shipping companies say paper guarantees mean nothing without real warships. After the U.S. Navy's "Project Freedom" quietly stalled after escorting only two ships, global tankers are ignoring Washington entirely—choosing instead to cut secret, quiet deals directly with Iran just to get through the chokepoint.
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