New Sanctions Crimp Iran's Shipping Business As Insurers Withhold Coverage -- Washington PostTEHRAN -- Just weeks after the United States and the United Nations imposed new rounds of sanctions on Iran, Tehran's ability to ship vital goods has been significantly curtailed as some of the world's most powerful Western insurance companies cut off Iranian shippers out of fear that they could run afoul of U.S. laws, the insurers say.
The new measures pose a serious test for Iran. In particular, the U.S. sanctions, which threaten to penalize foreign companies that sell fuel and other refined petroleum products to Iran, have forced ports and freighting companies across the globe to reevaluate their Iranian business. Dozens of Iranian vessels that transport crude oil, industrial equipment and other goods and supplies in and out of the Islamic Republic have been denied insurance coverage for weeks, insurance company representatives said.
Read more ....
More News On Iran Sanctions
Ship groups tighten contracts after Iran sanctions -- Reuters
US watchdog moves to smother Iran trade -- AFP
EU Ministers to Approve Tighter Sanctions on Iran -- Voice of America
EU ministers to approve tighter sanctions on Iran -- Reuters
Iran parliament tells gov't to respond to sanctions -- Reuters
Iran brushes off sanction concerns -- UPI
New sanctions have no effect on Iran -- Press TV (Iran)
Iran will adapt to new sanctions -- Reuters
No comments:
Post a Comment