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Iran Involved in “Junk for Oil” Trading

That is the assessment of one U.S. commentator when asked by Bloomberg whether the sanctions against Iran are working.  By trading oil for commodities from India and China such as wheat and soybean meal the countries involved are skirting the text of the sanctioning laws handed down by the Obama administration cutting off Iranian banks and their central bank from international trade. 

 

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Peter Pham is a capital market specialist and entrepreneur.  With expertise as a Head of Institutional Sales and Trading he closely watches the market and probes for investment opportunities utilizing a unique blend of quantitative trading experience and macro trend analysis… (read more)

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