US President Trump posted on social media: "Effective immediately. I have directed the US Development Finance Corporation (DFC) to provide political risk insurance and financial security guarantees at very reasonable prices for all maritime trade (particularly energy) transiting the Gulf region. This will be open to all shipping companies. If necessary, the US Navy will begin escorting oil tankers through the Strait of Hormuz as soon as possible. In any case, the US will ensure the free flow of energy to all parts of the world. More action is coming." Note: Affected by this news, Brent crude and WTI crude oil prices fell sharply by more than $2.50 in the short term.