US exports to Iran up in Obama's first months

[tocqueville]

Source: AP

By SHARON THEIMER, Associated Press Writer – 15 mins ago

WASHINGTON – Iran spent nearly twice as much on U.S. imports during President Barack Obama's first months in office as it did during the same period in 2008, showing that despite trade penalties and tense relations, the two countries are still doing business.

The U.S. exported $96 million in goods to Iran from January through April, according to an Associated Press analysis of U.S. government trade data compiled by the World Institute for Strategic Economic Research in Holyoke, Mass. U.S. exports to Iran totaled $51 million during the same period in 2008 and $27 million over those months in 2007.

Read more: http://news.yahoo.com/s/ap/20090621/ap_on_bi_ge/us_iran_buying_american