Shell, Iran Sanctions | featured news

Exclusive: Shell scrambles to pay huge bill for Iran oil

Shell

Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and U.S. financial sanctions now make it almost impossible to process payments, industry sources said.

Senh: Um. Isn't that good news for them? They don't pay Iran $1B! The headline should be "Iran Struggles to Get $1B Payment from Shell."

 

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