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Iran bans Saudi imports

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The Iranian government has said it has banned the import of products from Saudi Arabia, as well as the import of goods of Saudi origin from other countries.

The move comes after Riyadh cut diplomatic ties with Tehran on January 3rd, after Iranian protesters, angered by Saudi Arabia’s execution of a prominent Shia cleric Nimr al-Nimr, attacked the Saudi embassy in Tehran and consulate in Mashhad.

Iran exported $113.1 million worth of goods to Saudi Arabia during the first seven month of the current Iranian fiscal year (started March 21, 2015), meanwhile imports accounted for $33.1 million.