Japan Is Asked to Insure Iran Oil Shipments as EU Sanctions Bite

Japan’s government may insure tankers carrying Iranian oil, joining China and India in responding to European sanctions blocking private providers.

IMF sees $160 oil risk despite Libyan boost

Libya's oil exports have rebounded much faster than expected and will exceed pre-Arab Spring levels as soon as April, plugging a crucial gap in world crude supply as the Iranian crisis comes to the boil.