|
Trending Topics
|
Source: http://www.reuters.com/article/2012/05/09/iran-eu-insurance-idUSL5E8G901M20120509
Britain Seeks to Delay EU's Iran Ship Insurance Ban
(Reuters) Dmitry Zhdannikov and Justyna Pawlak - Britain is seeking to persuade fellow EU members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices, European diplomats said. Iran exports most of its 2.2 million barrels of oil per day to Asia. The four main buyers - China, India, Japan and South Korea - have yet to find a way to replace the predominantly Western shipping insurance provided by London insurers.