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…

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