Iran offers insurance to sidestep EU sanctions

Oi insurancel tanker ship coverage

Iran begins taking matters into its own hands concerning insurance coverage Iran continues to struggle with strict sanctions enacted against it by the European Union concerning the country’s controversial nuclear program. As the sanctions begin to take their toll on the transportation of oil from the country, Iran is looking to take matters into its own hands. The country has entered into the insurance business, offering shipping companies coverage as a means to sidestep the sanctions imposed by the EU. The insurance coverage being offered by Iran would not only…

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