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Iran: Oil tankers covered by local insurers even after nuclear deal

April 15, 2014 - 6:00am

Iran's oil tankers are continuing to use domestic insurance coverage even after the Geneva nuclear deal, Fars News Agency reported.

A source revealed "no foreign company has taken charge of insuring the Iranian oil tankers."

The source said the country's oil tankers may not receive any foreign coverage until Iran and the Group 5+1 (the five permanent U.N. Security Council members plus Germany) reach a final agreement. The European Council lifted some sanctions against Iran on Jan. 20 2014.

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