8-Month Exports to US Rise

Iran exported $58.5 million worth of commodities to the United States from January to August. The Islamic Republic had no exports to the US during last year’s corresponding period, the US Census Department reported. The increase in exports comes after the lifting of western sanctions against Iran over its nuclear program in January, as part of a deal clinched between Tehran and world powers earlier in July 2015. The deal paved the way for Iranian traders to resume exports, mainly hand-woven carpet, saffron, pistachio and caviar to the United States. Imports from the US to Iran stood at $108.5 million for the eight-month period, which indicates a 36% decline over last year’s corresponding duration.