INSIGHT-Collateral damage: How Iran sanctions fears hurt humanitarian trade
Food and medicine exempt from U.S., EU sanctions on Iran * But many banks refusing to handle any Iran trade deals * Banks fear U.S. fines even though business is legal * Iranians complain of soaring food, medicine prices * U.S. says "humanitarian channels" set up for Iran trade LONDON/ANKARA, Aug 1 (Reuters) - It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions. The ...
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