The
European
Union
banned
Iranian
oil
imports
as
well
as
providing
insurance
for
vessels
carrying
Iranian
oil
on
1
July,
and
the
United
States
has
new
economic
sanctions
that
have
curbed
Iranian
oil
imports
by
most
other
major
nations,
Reuters
reported.
Reflagging
ships
masks
their
ownership,
which
could
make
it
easier
for
Iran
to
obtain
insurance
and
financing
for
the
cargoes,
as
well
as
find
buyers
for
the
shipments
without
attracting
attention
from
the
United
States
and
European
Union.
The
National
Iranian
Tanker
Company
(NITC)
changed
the
names
and
flags
of
many
of…