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(Wall Street Journal) Jay Solomon - The U.S. Treasury Department disrupted a Dubai-based banking operation that had become Tehran's primary conduit for evading international sanctions and processing its oil sales. In December, the Noor Islamic Bank agreed to close off the channel for repatriating foreign-currency oil receipts - facilitating as much as 60% of Iran's foreign oil sales. 2012-03-01 00:00:00Full Article
U.S. Cuts Iran Cash Pipeline
(Wall Street Journal) Jay Solomon - The U.S. Treasury Department disrupted a Dubai-based banking operation that had become Tehran's primary conduit for evading international sanctions and processing its oil sales. In December, the Noor Islamic Bank agreed to close off the channel for repatriating foreign-currency oil receipts - facilitating as much as 60% of Iran's foreign oil sales. 2012-03-01 00:00:00Full Article
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