Is Iran Resorting To An Insurance Scam To Keep Oil Exports Going?
An oil tanker is seen off the port of Bandar Abbas, southern Iran, on July 2, 2012. Iran has come up with several methods to foil the European insurance embargo on ships loaded with its crude, a sanction which may harm its vital exports as much as the EU oil embargo itself. (Image credit: AFP/Getty Images via @daylife)/ , reinforced by U.S. extraterritorial measures, is having a serious impact on Iran’s oil exports. Iran has lost all its European clients, and many habitual buyers have scaled down their dependence on its oil. This is due ...
Click
To Read Full Article