Britain wants review of insurance sanctions on Iran

Britain reportedly is urging its European partners to reconsider one of the most biting Iran sanctions among those set to kick in this summer.

A broad range of European Union sanctions targeting Iran’s energy sector include a ban on insuring ships that transport Iranian oil.

The New York Times reported that Britain, a longtime base for sea insurers, has convened meetings with other European nations to reconsider the ban, set to start on July 1.

Reuters is reporting that Britain wants a six-month delay. — jta