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Saudi Arabia, Bahrain ban Iranian ships from ports
SAUDI Arabia and Bahrain have banned Iranian-flagged vessels from entering their waters and imposed other shipping restrictions, according to ship insurers, Reuters reports.
Iran has been exporting oil but faces insurance and financing problems despite the lifting of international sanctions last month as part of a nuclear deal with world powers.
A ban on Iranian ships in those ports is unlikely to affect international trade, although the uncertainty will add to trade problems for Iran.
Iran has been exporting oil but faces insurance and financing problems despite the lifting of international sanctions last month as part of a nuclear deal with world powers.
A ban on Iranian ships in those ports is unlikely to affect international trade, although the uncertainty will add to trade problems for Iran.
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