Iran's key exports — crude oil, petrochemicals, and pistachios — face 45-90 day payment delays through comprehensive OFAC/EU sanctions on banking sector. LCORE's gold DVP eliminates the multi-hop SWIFT chain entirely: buyer deposits gold in Abu Dhabi escrow, commodity ships, delivery is confirmed, and gold releases to the exporter. Settlement completes in 2-3 business days with a minimum transaction size of $5M. No USD intermediary bank required.
Request ConsultationWhen IRR payments are blocked by correspondent banking compliance, LCORE's gold DVP provides a neutral Abu Dhabi alternative. Iranian oil exporters can deposit physical gold into DVP escrow -- commodity delivers -- payment in IRR confirms -- gold releases. 2-3 working days.
ADGM English Law governs. Lloyd's $200M insurance throughout. UAE geopolitically neutral -- not subject to US, EU, or UK sanctions regime.
Confidential. Min $5M. ADGM 28158.
Iran holds the world's second-largest natural gas reserves and fourth-largest crude oil reserves, making hydrocarbons the foundation of its commodity export base. Crude oil production — constrained by sanctions to approximately 3-3.5 million barrels per day — ships primarily to China through opaque intermediary trading structures. Petrochemical products from the South Pars petrochemical complex (Assaluyeh) represent Iran's fastest-growing commodity export, with Chinese, Indian, and South Asian buyers purchasing methanol, urea, polyethylene, and PVC. Saffron from Khorasan province accounts for over 90% of global saffron production — a high-value agricultural commodity with EU, UAE, and Asian buyers. Pistachios from Kerman remain a premium global commodity. Iron ore from the central plateau, steel from Mobarakeh and Khuzestan mills, and copper concentrate from Sarcheshmeh mine add industrial commodity exports.
Iran is subject to the most comprehensive US sanctions regime of any country — OFAC's Iranian Transactions and Sanctions Regulations (ITSR) prohibit virtually all USD transactions with Iranian counterparties. Iran was disconnected from SWIFT in 2012 and again in 2018 after JCPOA withdrawal. The rial (IRR) has experienced hyperinflationary collapse — losing 99%+ of its value since 2012. All Iranian commodity trade occurs outside the USD system through alternative mechanisms: Chinese yuan, barter, cryptocurrency, hawala, and physical gold. LCORE conducts rigorous OFAC, EU, UN, and UAE sanctions screening on all mandates. Transactions involving Iranian SDNs or the Government of Iran are not eligible. Private Iranian commodity counterparties in non-sanctioned sectors (saffron, pistachios, non-IRGC-affiliated copper) with non-US buyers may qualify under specific licensing or jurisdictional analysis. All Iran-origin mandates require specific ADGM compliance review.