Royal Dutch Shell (RDS.A, RDS.B) lost money trading Iranian crude in 2012 shortly before a...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) lost money trading Iranian crude in 2012 shortly before a European Union embargo and still owes $2.3B to the country for oil purchases, a Reuters analysis says. The loss raises questions about Shell's decision to continue trading with Iran, taking advantage of an exception for pre-existing contracts, when many of its rivals had stopped.