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October 21, 2019

Middle East

Middle East

Exclusive: Ships with 1 million tonnes of grain stuck outside Iran’s ports in payment crisis

DUBAI – More than 20 ships carrying around one million tonnes of grain are stuck outside Iranian ports as U.S. sanctions create payment problems and hamper the country’s efforts to import vital commodities, sources directly involved in the trade said. Trading companies such as Bunge and China’s COFCO International have been hit by payment delays […]