IRAN

 

UK To Push For Delay Of Iran Reinsurance Ban, Iran Eyes Private Sector Exports

EU diplomats confirmed on 9 May that the UK is pushing to delay a 1 July deadline for the imposition of a ban on EU-based reinsurers offering protection and indemnity (P&I) coverage for the shipment of Iranian crude oil by third parties. Shipping companies transporting Iranian crude to Japan and South Korea utilize EU, and in particular London-based, reinsurers to protect...