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Insurer caution to slow oil tanker market's return to Iran

Published Wed, Jan 20, 2016 · 09:50 PM
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London

FOREIGN oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Teheran has wanted.

A nuclear deal between world powers - known as the P5+1 - and Iran led to the removal on Saturday of international oil export prohibitions as well as restrictions on banking, insurance and shipping for Teheran.

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