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How Iran Steams Past International Sanctions

Posted by Claudia Rosett on Jul 13, 2012 at 07:56 AM

By reflagging and renaming its ships, Tehran keeps one step ahead of the law.

Wall Street Journal

Too often, one man’s sanctions become another man’s windfall. So it is with Iran sanctions and the minuscule Pacific island nation of Tuvalu, to which Iran’s main oil tanker company, NITC, has just reflagged roughly half its fleet.

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