John Berlau is director of finance policy at the Competitive Enterprise Institute. As European nations ponder unilateral actions to bring shipping back to the Strait of Hormuz, they should consider one simple step: suspending insurance regulations that are harming their economies and inadvertently empowering Iran in this ongoing standoff.
Opinion | A simple step by Europe could loosen Iran’s grip on the Strait of Hormuz
Europe’s insurers are required to hold enough capital to withstand a once-in-200-years event.
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