Insurance news from Iran shows crude exports rising

Iran Oil Insurance industry News

Despite Western sanctions there has been an increase of approximately 70,000 barrels per day (bpd). The October insurance news out of Iran has shown that even though the American and European Union sanctions are still in place against covering oil exports from Iran, their exports still increased by about 70,000 barrels per day, reaching 2.7 million bpd that month. This shows that the Western bans are not having the intended impact on the country. Over the two previous months, the Iranian crude exports spiked to 1.3 million bpd from having…

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Latest insurance news for Iranian oil tankers

iran international insurance news

Coverage bans show that Japan is in and India is out The insurance news regarding the European Union’s ban on coverage for Iranian oil tankers has just experienced another update, as Japan has approved their own policies, while India has announced that they are aligning with the EU’s decisions. The Cabinet in Japan has just approved a bill to offer sovereign coverage to tanker operators importing crude from Iran. Operators that import Iranian oil before the sanctions from the European Union against this nation go into full effect will now…

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