
Iran Focus
London, 18 July – The re-imposition of sanctions by the US, following President Trump’s exit from the Iran nuclear deal, will likely make it impossible to purchase any form of Iran insurance using a Lloyd’s of London platform. This will only worsen struggles for European insurers that have been providing Iranian coverage.
In May, President Trump announced that the US would be leaving the Iran nuclear deal. The other members of the P5+1 world powers that originally joined the United States in the Iran accord chose to keep their promise. They have also offered Iran the economic support to help the country to overcome the loss of income that will follow the sanctions that the United States reinstates.


