JAKARTA - The US President Donald Trump's administration this week plans to announce the formation of a coalition of several countries to escort ships crossing the Strait of Hormuz.
The Wall Street Journal quoted several US officials saying the date of the operation would begin: before or after the end of hostilities in the region is still being discussed.
As reported by ANTARA from Anadolu, Monday, March 16, US Energy Minister Chris Wright previously said the US military could begin escorting commercial vessels across the Strait of Hormuz as early as the end of March, noting that the US Navy currently does not have this capability.
As the conflict around Iran's territory escalates, shipments across the Strait of Hormuz, which is the main route for shipping oil and liquefied natural gas from the Persian Gulf to global markets, has practically stopped.
Meanwhile, insurance companies have started to raise premiums and review the range of crossings amid the increasing security threat.
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