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Yeshiva World News · Sep 10, 2026

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Iran used a secretive barter system to convert oil proceeds into Chinese purchase credits, bypassing sanctions and moving an estimated $2 billion to $2.5 billion over the past year. The funds bought medicine, vehicles, communications equipment and air-defense gear, Reuters reports.

Iran used a secretive barter system to convert oil proceeds into Chinese purchase credits, bypassing sanctions and moving an estimated $2 billion to $2.5 billion over the past year. The funds bought medicine, vehicles, communications equipment and air-defense gear, Reuters reports.

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