International Group of P&I Clubs in talks with US over Iranian oil coverage
The London-based International Group of Protection & Indemnity Clubs is in talks with the US government to find a way to insure Iranian petroleum shipments, now that sanctions over Iran's nuclear program have ended.
The US maintains several layers of sanctions against Iran, including a ban on dollar transactions, that undermine insurers' ability to offer effective coverage for Iranian oil shipments to Europe.
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