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Tehran's missing $14 billion

Iranian investigation of the gold trade with Turkey, and Tehran’s pursuit of its missing $14 billion, are likely to strain bilateral ties.
Gold bars are stacked at a safe deposit room of the ProAurum gold house in Munich March 6, 2014. Gold was flat on Thursday as diplomatic efforts to cool the Ukraine crisis depressed demand for assets seen as safe, but the metal found support above $1,330 an ounce from weak U.S. economic data and ahead of a key employment report.     REUTERS/Michael Dalder(GERMANY - Tags: BUSINESS COMMODITIES SOCIETY) - RTR3G4CM

ANKARA, Turkey — The formula Ankara and Tehran crafted to bypass international sanctions on Iran and keep their oil and gas deals going has become a potential source of tension between the two neighbors. A major factor in this is Iranian President Hassan Rouhani’s strategy to mend fences with the West to have the sanctions lifted and re-integrate Iran into the global economy and international community.

The formula was the joint work of Mahmoud Ahmadinejad, Rouhani’s predecessor who defied the West and coveted nuclear weapons, and Turkey’s Recep Tayyip Erdogan, then prime minister and now president.

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