`` This could not have happened in any form without the knowledge of the Turkish state . Deputy prime minister describes what amounts to a gold-for-oil barter system . Government says Iran has imported billions of dollars worth of gold from Turkey since March . In April , Iran exported billions of dollars in gold to Iran , a 438.2 % jump from April . Economists say the gold-for-oil trade shows the U.S.-led sanctions are hurting Turkey .
Deputy prime minister describes what amounts to a gold-for-oil barter system . Government says Iran has imported billions of dollars worth of gold from Turkey since March . In April , Iran exported billions of dollars in gold to Iran , a 438.2 % jump from April . Economists say the gold-for-oil trade shows the U.S.-led sanctions are hurting Turkey .