Some of the United States’ closest allies are scrambling to find a way around the latest sanctions of the Trump Administration against Tehran, and Washington may have to revise its goal of reducing Iranian oil exports to zero. Bloomberg recently reported , citing unnamed sources in the know, that Japan, for one, might have to stop loading Iranian crude in September unless it manages to score a waiver with the State Department. South Korea earlier denied reports that it will stop buying Iranian crude from July, but now there are more reports, saying that the country, one of the world’s top oil importers, is having problems with tanker insurance as some of the largest maritime insurers refuse to touch Iranian vessels under the shadow of sanctions. India is yet another case in point. The world’s fastest-growing economy has been importing Iranian crude at an average daily rate of 588,000 […]