QuoteA foundational rule of international maritime law relies on a clean, binary distinction: a vessel is either a sovereign instrument of war or a peaceful vehicle of commerce. For decades, this explicit boundary is what has kept global trade moving smoothly, governed how coast guards conduct enforcement inspections, and anchored the underwriting models that keep maritime insurance rates affordable. But out in the narrow, heavily monitored waters of the Baltic Sea, that line just got erased.Link: https://substack.com/home/post/p-204728755