EghtesadOnline: American officials have issued a warning to European nations that they risk falling foul of sanctions on Iran if they press ahead with a barter system that could allow the export of Iranian oil.

EghtesadOnline: As a bid to ease trade with African countries, the Iran Chamber of Commerce, Industries, Mines and Agriculture is devising a barter system with African local banks, the secretary-general of Iran & Africa Council for Economic Cooperation, Mohammad Reza Faqihi, told Financial Tribune in an interview.

EghtesadOnline: Plans are underway to establish a barter system to trade Persian hand-woven carpets for other commodities, says Fereshteh Dastpak, the head of Iran National Carpet Center.

EghtesadOnline: India's payment system with Iran is being relaxed further for basmati rice exports. This comes after the US allowed India to continue importing crude oil from Iran and develop Chabahar Port.