Iran Insures Oil Exports to India

India set out to cancel some Iranian oil imports because their insurance carrier dropped them like a hot potato. Iran generously stepped in to ensure its own oil on its way to India. I guess that's one way to get around the sanctions. https://oilprice.com/Latest-Energy-News/World-News/Iran-Offers-India-Insurance-Tankers-To-Keep-Oil-Shipments.html

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More ways than one around sanctions, indeed. EU might fail at this, but others won't. Good time for the petro-yuan.

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(edited)

Everyone producing and selling is good for the consumer if not for producers.

Edited by ronwagn

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