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No Insurance For Iran Oil, Says IOC Official, Amid Looming US Sanctions

US sanctions on import of crude from Iran are expected to kick in on November 4.
US sanctions on import of crude from Iran are expected to kick in on November 4.
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.
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