Iran oil insurance sanctions may not stop the country’s exports

oil insurance news

Tehran has discovered a number of ways to work around the embargo. Tehran has now developed several different ways to reduce the impact of the Iran oil insurance embargo on tankers shipping crude from that country. The Middle Eastern nation has been working hard to decrease the impact of the E.U. sanctions. The European Union, as well as the United States, have made several efforts in order to significantly limit the ability for crude to be exported, by holding an embargo on the shipments as well as banning Iran oil…

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Latest insurance news from Japan says it may provide Iranian oil import coverage

iran international insurance news

The Japanese government has announced that it may offer policies for tankers from Iran. The government of Japan has released an insurance news statement in which it announced that it may offer policies for tankers from Iran that bring in oil, and that they will go into effect in July when the European coverage ban takes effect. The EU has been lobbied by Japan for exemption status on the coverage and reinsurance ban. The ban was an element of the Western sanctions geared at decreasing the revenues of oil in…

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