The General Court of the European Union overturned EU sanctions against the National Iranian Tanker Company (NITC).  The Court ruled that there was insufficient evidence to support the claim that NITC is controlled by the Iranian government or that it provides financial support to the government.  The Court's ruling was suspended for approximately two months, to allow for appeal. NITC has a fleet of 37 supertankers and 14 smaller tankers, with an overall carrying capacity of about 86 million barrels of oil.  According to shipping experts, NITC is unlikely to benefit immediately from the annulment because insurance providers and banks remain wary of covering the Iranian oil trade given the temporary nature of sanctions relief provided to Iran under the interim nuclear deal.