Saudi Export-Import Bank (Saudi EXIM Bank) has signed a reinsurance agreement with the Export-Import Bank of the United States (US EXIM) during the latter’s 92nd Annual Conference, held in Washington, D.C. from April 29 to 30, 2026.
The US will provide reinsurance covering up to $20 billion in potential losses in the Gulf region to bolster confidence among oil and gas shippers during the conflict with Iran, reported Reuters citing the US International Development Finance Corporation.
