Shell struggles to pay $1B oil bill to Iran due to sanctions

With the price of a barrel of oil beyond $100 per drum, global oil powerhouse Royal Dutch Shell is raking in some serious coin. But while Shell is bringing in the big bucks, it still cannot pay one very important client. Bloomberg is citing four sources who claim that Shell is finding it difficult to pay Iran about $1 billion due to financial sanctions put in place by the United States and Europe. The bill is reportedly the result of about eight million barrels of oil.

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maximum, Shell struggles to pay $1B oil bill to Iran due to sanctions