Latest US Sanctions
On 8 May 2018 the American President announced that the US would cease its participation in the Joint Comprehensive Plan of Action (JCPOA) that the US, EU and other world powers agreed in 2015 (implemented 2016) that eased Sanctions against Iran in return for Iran stopping its Nuclear Weapons programme.
Since the implementation date in January 2016 we have been able to cover trade with Iran subject to a sanction screening policy and amended terms that were highlighted on each Policy of Insurance. Unfortunately, because of the US stance this position now changes with immediate effect. More detailed commentary is available on our brand microsites