[29 Nov 2013] Easing of insurance sanctions on Iranian oil export unlikely soon - English

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29 Nov 2013 Easing of insurance sanctions on Iranian oil export unlikely soon PTV Presstv English Several leading insurers say the easing of insurance sanctions on some Iranian oil exports is likely

Several leading insurers say the easing of insurance sanctions on some Iranian oil exports is likely to take months to come into effect. The companies claim this is due to complex law and regulations in the United States and the European Union. They also say a formal change in E-U, U-K and U-S laws is needed to release insurers from existing prohibitions. A recent nuclear deal on Iran\'s nuclear energy program in Geneva allows an easing of a ban on European ship insurance companies that deal with Iran. The sanctions relief could allow Iran to transport its oil more easily to its Asian customers.

Added by PTV on 30-11-2013
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