Middle East Economic Survey

VOL. LIII

No 8

22-Feb-2010

IRAN

Lloyds Favors Multilateral Approach To Iran Sanctions

Insurance market Lloyds of London plans to comply with proposed new sanctions imposed against Iran by the US, but would favor a multilateral rather than bilateral approach, MEES learns. Lloyds was quoted in the Financial Times on 16 February as saying that it would cut its coverage for oil products shipments to Iran if the US passed the sanctions legislation, but the...