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Iranian smugglers load goods 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. The proximity of Iran to the UAE and Oman and their historic trade and finance links have supported thriving trade, which in r

Billion dollar smuggling industry drains Iran's economy

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Iranian smugglers load goods 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. The proximity of Iran to the UAE and Oman and their historic trade and finance links have supported thriving trade, which in r

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