NEW DELHI: Insurers are not offering coverage policies for storage of Iranian oil, an Indian Oil Corp Ltd official said, owing to impending US sanctions on import of crude from Iran, which are expected to kick in on November 4.(: How Donald Trump Is Rerouting the World's Oil Tankers - Report)"Insurance companies are providing for asset cover but are not covering the crude kept in storage," the official said on condition of anonymity.
Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)