European Firms Start Pulling Back From Iran

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LONDON—European corporations have began pulling again funding and abandoning commitments in Iran, responding to a call final week to reimpose broad American sanctions on Tehran by yr finish.

Whole SA, a French oil big, stated Wednesday it had halted work on an Iranian natural-gas venture and warned it could have to tug out altogether from its plan to take a position $1 billion within the discipline. Some shippers of Iranian oil have stated they’re ceasing to facilitate such trades due to the brand new sanctions. Insurance coverage corporations are finding out…



Supply hyperlink – https://www.wsj.com/articles/european-firms-start-pulling-out-of-iran-1526490545?mod=pls_whats_news_us_business_f

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