.@POTUS on oil and the Strait of Hormuz: "In recent years, the regime and its terror proxies have launched attacks on hundreds of commercial vessels. We're putting an end to all of this threat once and for all—and the result will be lower oil prices for American families... In the meantime, during this brief disruption, the United States is offering political risk insurance to any tankers operating in the Gulf... We are also waiving certain oil related sanctions to reduce prices... when the time comes, the U.S. Navy and its partners will escort tankers through the Strait if needed."