Reuters offers insight into how Iran struggling to buy food in a world wary of touching its money | Reuters News Agency
Business & FinancePolitics

Reuters offers insight into how Iran struggling to buy food in a world wary of touching its money

Reuters offered insight into how Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is struggling to buy food and medicine to avoid a supply crunch. Despite such supplies being exempt from sanctions, banks and governments are reluctant to transfer or take Iranian money because they fear unwittingly breaching the complex U.S. restrictions.

Article Tags
Topics of Interest: Business & FinancePolitics
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Middle East
Countries: Iran
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
FILE PHOTO: Women wearing protective face masks shop at a bazaar following the outbreak of the coronavirus disease (COVID-19), in Tehran, Iran, July 8, 2020. WANA (West Asia News Agency) Abdollah Heidari via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY/File Photo
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