Iranian smugglers squeezed out by currency in freefall

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KHASAB, Oman (Reuters) - The fiber-glass skiffs hurtle across the water at break-neck speed, skirting the rocky cliffs on the last leg of the perilous journey from Iran to the sleepy backwaters of Oman's Musandam peninsula. At the helm are Iran's fast-boat smugglers, an army of mostly teenagers who shuttle back and forth across the narrow Strait of Hormuz, smuggling all manner of goods into Iran's southern ports and evading import duties in the process. ...




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