It's Reagan's re-flagging deal re-furbished.
for dead_pan: I'll bet that they did indeed wargame this in the JCS planning cell, but getting other governmental departments / cabinet offices on board such a plan can be a real bitch. {I am so glad to be out of that business...}
I have heard a rumor that DJT has proclaimed that the US will insure the ships if the insurance companies won't.
EDIT: OK,
a citation from Al Jazeera
President Donald Trump has announced that the United States government will offer insurance to ships in the Gulf after Iran largely succeeded in shutting down the
Strait of Hormuz, sending oil prices soaring.
The US president added that the US military will accompany ships through Hormuz if necessary.
“Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf,” Trump wrote in a
social media post on Tuesday.
DFC is the US government’s development finance agency. Its mission is to “advance US foreign policy and strengthen national security by mobilising private capital” across the world.
Trump added that the discounted risk insurance will be available for all shipping lanes.
“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” he wrote.
“No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD.”
OK, we'll see if he's just spouting hot air, or if he's going to back that up.