Sanctions Interfere With Shell's Payment To Iran

Royal Dutch Shell can't pay the $1 billion it owes Iran because of sanctions imposed on the Middle East country by the United States and European Union. The sanctions have made it nearly impossible to transfer the money. Reuters reports that Shell is trying to wrap up its business dealings with Iran.

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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.

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