At least four European shipowners are making huge margins on transporting Iranian crude oil to Europe , with rates reaching Worldscale 65 or $ 15 per metric tonne ( mt ) , as the 1 November deadline for US sanctions against Iranian oil approaches . According to Platts , typical rates from the Middle East to Europe have been around Worldscale 30 or $ 6.94 / mt , but Iranian exports to Europe have begun to slow down and a premium has been charged for risk . Sources said there are at least four such shipowners in Europe who are still busy carrying Iranian crude. Shipowners still operating on the route believe they are safe dealing with crude cargoes agreed before 8 May , as it poses no risk to their insurance .
At least four European shipowners are making huge margins on transporting Iranian crude oil to Europe , with rates reaching Worldscale 65 or $ 15 per metric tonne ( mt ) , as the 1 November deadline for US sanctions against Iranian oil approaches . According to Platts , typical rates from the Middle East to Europe have been around Worldscale 30 or $ 6.94 / mt , but Iranian exports to Europe have begun to slow down and a premium has been charged for risk . Shipowners still operating on the route believe they are safe dealing with crude cargoes agreed before 8 May , as it poses no risk to their insurance .