Amid escalating tensions in West Asia and growing... ... LIVE: Mojtaba, Son Of Khamenei, Elected Iran's New Supreme Leader

Amid escalating tensions in West Asia and growing concerns over disruptions to global oil supplies, President Donald Trump announced that the United States would take "immediate steps to safeguard maritime trade" in the Gulf region, including offering political risk insurance and potentially deploying naval escorts through the Strait of Hormuz.