Iran oil insurance news shows massive reductions from Asian buyers

International Insurance fund news

The country’s leading importers from Asia have reduced their shipments by 18 percent. The latest insurance news regarding the EU and U.S. embargo on Iranian oil has shown that the top Asian buyers of that country’s crude have cut their imports by approximately 18 percent, reducing the shipments to those nations by over a quarter of a million barrels every day within the year’s first five months. The American sanctions became effective Thursday and the European Union’s will be on Sunday. The majority of the exports from Iran are shipments…

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