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Thursday, May 17, 2012 | return to: news & features, international


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Britain wants review of insurance sanctions on Iran

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Britain reportedly is urging its European partners to reconsider one of the most biting Iran sanctions among those set to kick in this summer.

A broad range of European Union sanctions targeting Iran’s energy sector include a ban on insuring ships that transport Iranian oil.

The New York Times reported that Britain, a longtime base for sea insurers, has convened meetings with other European nations to reconsider the ban, set to start on July 1.

Reuters is reporting that Britain wants a six-month delay. — jta


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