NITC’s effort to preempt EU sanctions on it denied by UK court

By Catherine Kent

NITC, Iran’s main oil tanker firm, has been on and off the EU’s blacklist.  With the EU to put NITC back unto the blacklist, NITC sought an urgent injunction on Friday to compel Britain to veto against EU decision. The High Court denied NITC the injunction on Monday, finding merit with Britain’s arguments that a British veto would detract from London’s reliability on the Iranian nuclear issue.