TOKYO (Reuters) - Japan's government may provide cover for tankers bringing in Iranian oil once a European Union ban on insurance takes effect in July, Japanese officials said on Wednesday.
Japan has been lobbying the EU to remain exempt from the ban on insurance and reinsurance of Iran's oil exports, which is part of a raft of Western sanctions aimed at shrinking Tehran's oil revenues to force it halt its controversial nuclear programme.
The officials said the Japanese government was considering asking parliament to enact a law that would enable it to provide the necessary insurance cover.
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