By Meng Kit Tang Markets Close Before Missiles Fire Tanker traffic in the Persian Gulf fell from 138 transits to fewer than eight within days of insurers withdrawing war-risk coverage in 2026. No ships were seized nor missiles were fired. Rather, the market closed the water before any navy could. That episode clarifies the problem … Continue reading The Insurance Trigger: Sovereign Guarantees and Commercial Lawfare as Deterrence Against a Chinese Quarantine of Taiwan
