New sanctions cripple Iran shipping
USA and UN are at war with Iran over nuclear development and lack of cooperation and transparency. Sanctions have kicked in and without proper insurance coverage, Iran shippers are stuck in harbor.
“New sanctions crimp Iran's shipping business as insurers withhold coverage
Washington Post Foreign Service
Wednesday, July 21, 2010
TEHRAN -- Just weeks after the United States and the United Nations imposed new rounds of sanctions on Iran, Tehran's ability to ship vital goods has been significantly curtailed as some of the world's most powerful Western insurance companies cut off Iranian shippers out of fear that they could run afoul of U.S. laws, the insurers say.”