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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Global insurance companies refuse to cover Iranian oil

    Rocky
    Rocky
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    Posts : 267081
    Join date : 2012-12-21

    Global insurance companies refuse to cover Iranian oil Empty Global insurance companies refuse to cover Iranian oil

    Post by Rocky Thu 06 Sep 2018, 2:59 am

    Global insurance companies refuse to cover Iranian oil

    Global insurance companies refuse to cover Iranian oil 9884

     Petromatrix International has confirmed a steady decline in the number of countries buying Iranian crude oil, in accordance with a decision by the US administration headed by Donald Trump to stop oil deals with Iran as the full imposition of sanctions on Tehran by 4 November. 
    A recent report by the company that "countries that violate the procedures of the United States risk hiding their banks from the US financial system, indicating that the global insurance companies on ships are also more difficult to achieve insurance coverage of vessels participating in the Iranian oil trade."
    For its part, the report of "World Oil" International "a sharp decline in Iranian oil exports, where major buyers in Asia receive less shipments in the past few weeks before the implementation of US sanctions."
    The report pointed out that Iran shipped less than 2.1 million barrels of crude oil and condensate in August last, this level is the lowest since March 2016.
    The report pointed to "the increasing pressure on buyers of crude oil from Iran after US President Donald Trump said in May that the sanctions will be re-imposed fully from November 4, and Iran will face the risk of falling sales of crude oil exports."
    "If Iran closes the Strait of Hormuz, Middle East exports will not be besieged, as they have alternatives and other vital channels," the report said.


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