Bourse and Bazaar | Bloomberg: Sanctioned by the U.S., Iran has found a sweet way to use the cash it is accumulated from trading oil: Purchase sugar from India. Iran is struggling to spend the rupees its made from oil sales to India that are sitting in the south Asian nations banks. Meanwhile, sugar stockpiles are stacking up in India after a ...

Reuters - Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the United States. Under the sanctions, Iran is blocked from the global financial system, including using ...