Major Chinese ship insurance company to cease Iranian oil tanker coverage

Commercial insurance market for oil tankers tightens A major insurer of Chinese ships has announced that, starting in July, it will be stopping its indemnity…

Price of Iranian oil expected to spike from ship insurance ban in European Union

According to sources in the insurance industry, a ban is widely forecasted to begin on European insurance coverage for exports of oil from Iran beginning…

European Union holds back on Iranian oil sanctions, considers exemptions for insurers

The European Union has been deliberating on how to handle sanctions imposed against Iran since late last year. Iran has been the target of oil…