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View Full Version : Bank Foreclosures Loom for Tanker Owners Hauling Iranian Crude - Bloomberg



NewsWhore
05-30-2012, 01:12 AM
Bank Foreclosures Loom for Tanker Owners Hauling Iranian Crude (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFtL92CQ7GBSl2y021v_04DaSWl0g&url=http://www.bloomberg.com/news/2012-05-30/bank-foreclosures-loom-for-tanker-owners-hauling-iranian-crude.html)
Bloomberg
About 90 percent of the fleet is financed in the currency, Petrofin estimates. Under a US law signed Dec. 31, countries that fail to show they are reducing their oil imports from Iran by June 28 will have their banks' access to the US financial system ...

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