President Donald Trump announced that the U.S. Navy would be prepared to escort oil tankers through the Strait of Hormuz if necessary, as concerns mount over disruptions to the critical shipping route. The president also indicated the United States would provide insurance for vessels transiting the strait.

The announcement came amid reports of significant tensions in the Middle East affecting maritime traffic through the strait, which serves as a vital chokepoint for global oil shipments. Greece's shipping minister characterized the situation in the waterway as "alarming," highlighting international concerns about the security of commercial vessels.

Oil prices initially declined following Trump's statements about potential U.S. naval protection for tankers. However, global stock markets continued to experience volatility, with South Korea's Kospi index leading declines across Asian markets despite the proposed U.S. intervention.

The U.S. military stated there was "not a single Iranian ship underway" in the strait, though tensions in the region have raised fears of sustained disruptions to energy supplies. The situation follows recent strikes in the Middle East involving the United States and Israel over the weekend.

Despite the concerns, some commercial activity has continued in the area, with sources reporting that at least one tanker was heading to a UAE port via the Strait of Hormuz to load oil. The strait remains a crucial route for global energy supplies, with any prolonged disruption potentially affecting worldwide oil markets.