In Dubai, US sanctions pressure historic business ties with Iran | Reuters:
With its Persian restaurants and shop signs in Farsi, Murshid Bazaar, a dense maze of alleys in Dubai’s old quarter, has for decades been a center for small-scale trade with Iran.
That is changing. One in every dozen or so shops in the once-bustling area is shuttered or carries a “for rent” sign. Indian and Pakistani merchants now far outnumber the Iranians who used to dominate the area.
The Iranians who stayed say the fallout from U.S. sanctions has made their jobs harder. Dubai has long been one of Iran’s main links to the outside world, but trade between the two has slowed as sanctions approached.
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