Lloyd's managing agents to offer insurance for Iranian oil transportation

Lloyd's of London has said that its managing agents can now offer insurance and reinsurance for the transportation of Iranian oil and petroleum products as sanctions against Iran have been lifted, Reuters reported.

But there continue to be some restrictions on U.S. trade, added Lloyd's.

"With a few exceptions, the general U.S. trade embargo on Iran remains in place and U.S. persons remain prohibited from conducting most business with Iran," said a Lloyd's official.

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