JPMorgan Chase: The US International Development Finance Corporation may need to assume $300 billion in tanker insurance.

J.P. Morgan expects that private insurance companies will withdraw due to the Iran conflict, the U.S. International Development Finance Corporation (IDFC) will need to provide over $300 billion in insurance coverage for oil tankers crossing the Strait of Hormuz. President Trump has already promised to provide this type of insurance support through the DFC. J.P. Morgan stated, "This commitment will represent a contingent liability on the Treasury Department's balance sheet, and the impact on the budget deficit will depend on loss assumptions, policy terms, and premiums collected." Analysts added that although this plan will increase the deficit, the "increase should be relatively limited." It is estimated that each of these ships will require approximately $2 billion in insurance coverage and compensation, primarily to cover liabilities for oil pollution and cargo claims.