US exports to Iran rise nearly one-third despite sanctions

ByREUTERS
October 15, 2012 07:41




WASHINGTON - US exports to Iran rose by nearly a third this year, chiefly because of grain sales, according to US data released last week, despite the tightening of US financial sanctions.

The jump to $199.5 million in the first eight months of 2012 from $150.8 million a year earlier, according to Census Bureau data, is surprising given Western efforts to isolate Iran economically because of its suspected pursuit of nuclear arms.

The increase masks a drop in the export of some humanitarian goods such as medicines, a decline US exporters blame largely on the difficulty of getting paid by Iranian importers because of new US financial sanctions

Related Content
Breaking news
July 24, 2017
Suicide bomber kills 16, many of them police, in Pakistani city of Lahore

By REUTERS

Israel Weather
  • 24 - 36
    Beer Sheva
    24 - 30
    Tel Aviv - Yafo
  • 23 - 33
    Jerusalem
    24 - 30
    Haifa
  • 30 - 41
    Elat
    28 - 39
    Tiberias