IRAN

 

Deadline Looms For EU Ban On Iran Oil Tanker Insurance

The 1 July deadline is approaching for the EU’s implementation of a ban on provision of protection and indemnity (P&I) insurance for ships carrying Iranian crude oil. This could cause a bottleneck and has the potential to stop the transport of Iranian oil. It may therefore become an effective way of further pressuring Tehran to give up its nuclear program. But the ramifications are...