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U.S. Bears Down on Turkey's Gold Link to Iran
(Wall Street Journal) Joe Parkinson and Jay Solomon - Washington and Ankara are on a collision course over Turkey's surging sales of gold to Iran, as the U.S. Congress and Treasury focus on cutting off a trade they believe is emerging as one of Tehran's primary conduits to export natural gas and evade Western sanctions. Data released Friday showed that Turkey still uses gold to pay for Iranian gas and circumvent sanctions. "The Turkish gold deal is providing Iran a lifeline and the U.S. now seems more eager to stop it," said Atilla Yesilada of the Istanbul-based research consultancy Global Source Partners.