The funds were frozen when the sanctions, which target the CBI as well as dollar transactions with Iranian entities, were reintroduced. “It has never been, nor is it now, U.S. policy to target humanitarian trade with Iran,” it added. BRAZILIAN CORN CLOG Adding to Iran’s food-supply woes, corn imports from key supplier Brazil have slumped. Iran pays $10 per tonne more than other buyers to compensate for payment and logistical challenges, the Brazilian trade sources said. The U.S. Treasury declined to comment when asked about the drop in Brazilian corn sales to Iran.

Source: Standard Digital July 30, 2020 07:51 UTC