Iran banks big on murky oil ‘trustees’ as war with US on the horizon

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Facing US sanctions and the threat of war, Iran is increasingly relying on unofficial channels and state-linked "trustees" to sell oil and import goods. These trustees handle shadowy deals exporting Iranian petroleum, but billions of dollars in proceeds have not been returned to the country. This lack of transparency and accountability has raised concerns among Iranian officials, including the judiciary chief, who is demanding the return of the funds. The situation has worsened Iran's already struggling economy, marked by inflation and a depreciating currency. This shift in oil money management occurred as hopes diminished for reviving the 2015 nuclear deal and lifting sanctions.
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