(JTA) — Britain reportedly is urging its European partners to reconsider one of the most biting Iran sanctions among those set to kick in this summer.
A broad range of European Union sanctions targeting Iran’s energy sector include a ban on insuring ships that transport Iranian oil.
The New York Times reported Friday that Britain, a longtime base for sea insurers, has convened meetings with other European nations to reconsider the ban, set to start on July 1.
The Times quoted a British Foreign Office statement as saying that it is in discussion with member states “to ensure that the pressure on Iran is maximized, while avoiding any undesired impacts elsewhere.”
Reuters is reporting that Britain wants a six-month delay.
Get The Times of Israel's Daily Edition
by email and never miss our top stories
By signing up, you agree to the
terms
The anticipation of sanctions on insurers is already having an affect on Iranian oil sales, even in countries like China that have otherwise resisted sanctions.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
Add ToI as a Preferred Source on Google
