Iran denies missing World Bank payments, blames sanctions

DUBAI: Iran denied on Sunday it had failed to make payments on its loans to the World Bank for the last six months, blaming Western sanctions for preventing an intermediary from forwarding funds to the global lender, Iran's IRNA state news agency said.

Iran sanctions could distort region's economy for years: Report

LONDON: Sanctions on Iran are so intricately woven that they will be very hard to untangle, while their impact in swelling Iran's black economy could undermine regional stability for years to come, the International Crisis Group says in a new report.