The easing of a ban on European insurance for shipments of Iranian oil may lift Iran's crude exports to big oil buyers in Asia, including India and China.
The easing of EU shipping insurance sanctions was part of a deal on Sunday between Iran and six world powers to curb Tehran's nuclear programme in exchange for limited sanctions relief.
Oil buyers in Asia, Turkey and South Africa have reduced imports of Iranian oil to avoid the threat of U.S. sanctions, but also have had imports curtailed by the ban on UK-dominated providers of shipping insurance.
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