BEIRUT

Regional

Iranian smugglers squeezed out by currency in freefall

Iranian smugglers drive a boat loaded with sheep at the Omani port of Khasab September 26, 2012. Until recently the Iranian boats and their fearless young skippers escorted several cargoes a day across the narrow Strait of Hormuz - loaded with everything from soft drinks to mobile phones and cosmetics - bought in the flourishing trading centres of the United Arab Emirates and sold to merchants in Iran. REUTERS/Ahmed Jadallah (OMAN - Tags: MARITIME BUSINESS POLITICS ANIMALS TPX IMAGES OF THE DAY)

 

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