Iran oil exports at risk in UK ship sanctions plan

A British proposal to target Iran’s national shipping lines under a draft U.N. sanctions resolution could temporarily curb Tehran’s ability to export oil to world markets, maritime sources said on Tuesday.

Iran, OPEC’s second largest producer, pumps 3.85 million barrels of crude a day and exports 2.4 million barrels of that on tankers by sea, with about 60 percent bound for Asia and the remainder shipped to Europe.