Deputy prime minister announces what amounts to a gold - for - oil barter system . Those questions extend also to the United Arab Emirates . He says Iran has imported billions of dollars worth of gold from Turkey since March . In April , Turkey exported $ 1.2 billion in gold to Iran , a 438.2 % jump from the previous year . Economists say the gold - for - oil trade shows the U.S.-led sanctions are on Iran .
Deputy prime minister announces what amounts to a gold - for - oil barter system . He says Iran has imported billions of dollars worth of gold from Turkey since March . In April , Turkey exported $ 1.2 billion in gold to Iran , a 438.2 % jump from the previous year . Economists say the gold - for - oil trade shows the U.S.-led sanctions are on Iran .