© 2021 Public Radio Tulsa
800 South Tucker Drive
Tulsa, OK 74104
(918) 631-2577

A listener-supported service of The University of Tulsa
PRT Header Color
classical 88.7 | public radio 89.5
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Sanctions Interfere With Shell's Payment To Iran

DAVID GREEENE, HOST:

NPR's business news starts with Iran sanctioned success.

Oil company Royal Dutch Shell can't pay Iran the $1 billion it owes because U.S. and European Union sanctions against the Asian nation have made it almost impossible to transfer the money.

Reuters reports that Shell is wrapping up its business dealings with Iran, but still owes money for several more weeks' worth of oil delivery. Shell might have to ask the British government to help transfer the money, as no banks will handle the deal. Transcript provided by NPR, Copyright NPR.