Chubb set as main U.S. insurer for Persian Gulf shipping amid Iran war
The insurance giant will work with the U.S. International Development Finance Corp. to help backstop shipping.

The insurance giant will work with the U.S. International Development Finance Corp. to help backstop shipping.
President Donald Trump said oil companies should send tankers through the Strait of Hormuz, which has remained effectively closed due to the war on Iran.
For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.
The IEA is group of 32 advanced economies primarily in Europe, North America and northeast Asia. The U.S. is a member of the organization.
The Iran conflict is disrupting fertilizer shipments through the Strait of Hormuz, raising supply concerns and potentially increasing global food inflation.
A bill to increase housing supply and decrease costs is set to sail through the Senate on Thursday, but House leaders foresee further negotiations.
Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.
The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.
"The Iranians are showing defiance by choosing the son of Khamenei," a former diplomat told CNBC.
Iran has continued to ship crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has disrupted broader energy supplies via the waterway.
The next generation of Microsoft's video game hardware will first land in the hands of developers next year.
The incidents mark the latest in a string of reported attacks in or near to the Strait of Hormuz, where shipping traffic has virtually ground to a halt.
Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.
President Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Fed chair, but the process has been blocked amid a federal investigation into Powell.
Oil prices above $100 per barrel, rising fuel costs for consumers and shortages of metals and petrochemicals refined in the Gulf region could hurt automakers.
Meta's latest generations of its MTIA series of in-house chips for artificial intelligence will help support the company's massive data center expansion plans.
Republicans are optimistic about Markwayne Mullin taking over the reins at DHS, while Democrats warn his tenure will be more of the same after Kristi Noem.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.
Borrowers who struggle with high-interest debt often turn to personal loans to help pay it off, but without a change in habits debt can become a cycle.
JPMorgan's move shows that the biggest U.S. bank by assets wants to get ahead of potential turbulence involving private credit loans to software companies.
The announcement comes a week after Nvidia unveiled partnerships with Lumentum and Coherent, investing $2 billion in each company.
Arms maker Rheinmetall reported full-year sales that grew 29% year-over-year and said revenue would grow by even more this year.
Black women make up 12% of the federal workforce and experienced the largest federal employment losses between 2024 and 2025.