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Tea for Oil: India and Iran Revive Barter System to Bypass Currency Collapse
Tea for Oil: India and Iran Revive Barter System to Bypass Currency Collapse
Money & Policy

Tea for Oil: India and Iran Revive Barter System to Bypass Currency Collapse

Faced with a historic Rial collapse, India and Iran have pivoted to a massive barter mechanism—exchanging tea and rice for crude oil and fertilizers to keep the trade pulse alive.

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January 19, 2026

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