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Iran extends shipping, insurance cover to keep oil flowing to India

Tehran has started to ship crude oil to India in its own ships and is also providing insurance cover for the transportation

oil, crude oil, oil rig

Press Trust of India New Delhi

Iran has begun providing shipping insurance cover as well as its own vessels to continue exporting crude oil to India, its second biggest buyer of oil after China, people with direct knowledge of the development said.

With the US reimposing economic sanctions against Iran driving away western re-insurers, Tehran has started to ship crude oil to India in its own ships and is also providing insurance cover for the transportation, they said.

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First Published: Jul 26 2018 | 6:55 PM IST

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