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Karoline Leavitt: “President Trump announced the U.S. Development Finance…”

Featuring: Karoline Leavitt, Republican | White House Press Secretary | National

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Press Secretary Karoline Leavitt Briefs Members of the Media, Mar. 4, 2026

Published | Video Starts at 37:26

Of course, this is something that Secretary Bessant, Secretary Wright, the National Economic Council of Energy that is led by Governor Secretary Bergam, excuse me, has been long working on and well in advance. Yesterday, President Trump announced the U.S. Development Finance Corporation will provide political risk insurance for crude carriers and cargo ships. operating in and around the Gulf. And as you pointed out, Jackie, the president said if necessary and when appropriate, the US Navy will begin escorting tankers through the Strait of Hormuz. (37:26–37:38)

CLAIM

Asserts that the U.S. Development Finance Corporation will offer political risk insurance for certain ships.

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Karoline Leavitt

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