Iran General NewsUruguay wants to barter rice for oil with Iran

Uruguay wants to barter rice for oil with Iran


Reuters: Uruguay will ask Iran if the South American country can export rice in exchange for oil, the government said on Friday. MONTEVIDEO, March 30 (Reuters) – Uruguay will ask Iran if the South American country can export rice in exchange for oil, the government said on Friday.

Iran used to be a major destination for Uruguayan rice but the impact of U.S. and EU sanctions, aimed at curbing Tehran’s nuclear ambitions, has put a strain on financing.

“If Iran is willing to barter oil for rice we will do it and we will take out currency from (the operation),” said Agriculture Minister Tabare Aguerre.

Uruguay is Latin America’s top rice exporter and an ally to the United States in the region. Washington has said that it could slap sanctions on countries that buy crude from Iran.

Pressure from Washington and Brussels, which will slap a EU-wide embargo on Iranian oil from July as part of a campaign against Tehran’s nuclear program, has led to a rally in oil prices this year as markets fear supply shortages.

Uruguay, the world’s No.7 rice supplier, exported 90,000 tonnes of rice to Iran in 2011. (Reporting by Felipe Llambias; Writing by Luis Andres Henao; Editing by David Gregorio)

Latest news

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Must read

Swiss discussed compromise idea in Iran-diplomats

Reuters: Switzerland recently sent a senior official to Iran...

Saudi Prince: Iran Wants to Control the Muslim World

Iran Focus London, 2 May - Saudi Arabia’s Deputy Crown...

You might also likeRELATED
Recommended to you