Bloomberg News

Japan Considering Government Insurance for Iran Crude, IOD Says

May 10, 2012

Japan’s government may insure the nation’s tankers that are unable to obtain coverage for shipments of Iranian crude because of European Union sanctions, the International Oil Daily reported.

Providing sovereign insurance is among the options being considered, the IOD said today, citing an unidentified Japanese government official familiar with the situation. Averting the sanctions through negotiations with the EU remains the government’s top priority, according to the official.

To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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