Iranian smugglers squeezed out by currency in freefall


  • World
  • Wednesday, 03 Oct 2012

KHASAB, Oman (Reuters) - The fibre-glass skiffs hurtle across the water at break-neck speed, skirting the rocky cliffs on the last leg of the perilous journey from Iran to the sleepy backwaters of Oman's Musandam peninsula.

At the helm are Iran's fast-boat smugglers, an army of mostly teenagers who shuttle back and forth across the narrow Strait of Hormuz, smuggling all manner of goods into Iran's southern ports and evading import duties in the process.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Ukrainians in embattled east mark third Easter under fire
Death toll from southern Brazil rainfall rises to 75, many still missing
South Africa inquiry blames authorities for neglect leading to deadly fire
Death toll from Kenya floods rises to 228
On Orthodox Easter, Zelenskiy calls on Ukrainians to unite in prayer
Russia blames Baltic countries for the severing of most ties
Panamanians vote in crowded field of presidential contenders
Putin attends Easter service led by head of Russia's Orthodox Church
Fake videos of Modi aides trigger political showdown in India election
Australian police shoot boy dead after stabbing with 'hallmarks' of terrorism

Others Also Read