Tehran is now ready to dodge the problems that the lack of tanker coverage had caused. The oil insurance sanctions against Iran that have been put into place by the European Union had been putting a stop to a large number of the crude exports from that country starting on July 1, but it has now built a new effort to insure its own tankers to sidestep the coverage issues. Iran is preparing to work around the coverage obstacles. The country has set aside billions of dollars so that it…
Read MoreOil insurance sanctions in full force against Iran
