Airplane and oil deals at risk in Trump pullout of Iran deal - News Summed Up

Airplane and oil deals at risk in Trump pullout of Iran deal


From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump weighs whether to pull America out of Iran's nuclear deal with world powers. The 2015 Iran nuclear deal lifted crippling economic sanctions that had locked Iran out of international banking and the global oil trade. Boeing separately struck another 30-airplane deal with Iran's Aseman Airlines for $3 billion at list prices. The deal marked a return to Iran for Total, which pulled out of the country in 2008 as Western sanctions over its nuclear program began to ramp up. French carmaker PSA Peugeot Citroen reached a deal in 2016 to open a plant producing 200,000 vehicles annually in Iran.


Source: ABC News May 06, 2018 06:45 UTC



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