US sanctions expected to make NITC the main carrier of Iranian crude
Iran’s crude exports to China and India may stay intact despite US sanctions while Europe, Japan and South Korea reduce purchases of Iranian crude, according to analysts. NITC will thus need to shoulder more responsibility for Iran’s crude sales, as some non-Iranian carriers withdraw from trading with the country
Maersk Tankers stops taking orders related to Iranian trades while some others adopt wait-and-see approach
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