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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Dozens of Merchant Ships Stuck off Iran as Payment Snags Bite

Iran's Bandar Imam Khomeini port. (MarineTraffic file photo)

Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays as payments snags disrupt flows of goods into the country, according to trade sources and shipping data.

Food is exempt from the West's sanctions on Iran over its nuclear program, but the impact of the sanctions on Iran's financial system have created complex and erratic payment arrangements with international companies.

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