Source: Washington Post
by Peter Harrell
“Companies in Europe, the Middle East and Asia — such as banks, shippers, oil refiners, traders and insurers — have historically faced a choice when dealing with U.S. sanctions regimes. They could do business with a targeted country such as Iran and risk being sanctioned, effectively cutting them off from U.S. suppliers, banks, customers and all the wealth of U.S. markets. Or they could refrain from doing business with the world’s rogue states and retain their access to the U.S. economy. In the 2000s and 2010s, most companies chose the U.S. The risk of being cut off was just too great. Today, however, a growing business ecosystem is taking the other side of that choice: They are willing to risk getting cut off from the U.S. because there is enough money to be made elsewhere.” (01/02/26)