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Chevron's $52M Iran Oil Loss Not Covered, Insurers Say

By Hope Patti ( April 21, 2026, 6:48 PM EDT) -- Primary insurers for Chevron urged a California federal court to find that they owe no coverage for nearly $52 million worth of crude oil that was taken by the Iranian government in March 2024, saying their combined marine cargo and war risks policy does not cover losses caused by confiscation....

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