Stranded Iranian Ships: Ayatollahs Threaten Brazil with Trade Sanctions

Brazil exports around $2 billion to Iran a year, mostly commodities like corn, meat, and sugar. Iran buys one-third of all Brazil’s corn exports.

RIO DE JANEIRO, BRAZIL - Bloomberg writes that Iran has threatened to cut its imports from Brazil unless it allows the refueling of at least two Iranian ships stranded off the Brazilian coast, in a sign of the global repercussions of U.S. sanctions on the Islamic republic.

Iran’s ambassador in Brasília, Seyed Ali Saghaeyan, told Brazilian officials on Tuesday that his country could easily find new suppliers of corn . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?