Company in grip of embargo is what one often wants to save (5)
I believe the answer is:
bacon
'what one often wants to save' is the definition.
I can't judge whether this defines the answer.
'company in grip of embargo' is the wordplay.
'company' becomes 'co' (abbreviation).
'in grip of' means one lot of letters goes inside another.
'embargo' becomes 'ban' (I've seen this before).
'co' inserted into 'ban' is 'BACON'.
'is' is the link.
Can you help me to learn more?
(Other definitions for bacon that I've seen before include "Author" , "The meat to bring home for success" , "Meat in rashers" , "Shakespeare's ghost, some say" , "Salted and smoked pig meat" .)