Treasury Is Asked Why US Firm Insures Ships Carrying Iran Oil

"Nunn cited a February report by Bloomberg News showing that American Club covered 21 vessels suspected of carrying illicit Iranian oil, more than any of its 11 larger peers. The insurer had recently dropped 19 other vessels after inquiries from Nunn and Bloomberg, the report stated. The Bloomberg story was based on research by the nonprofit group United Against Nuclear Iran, which maintains a list of ships suspected of carrying the country’s crude."