Asian Companies Pull Back From Iran Amid U.S. Pressure - News Summed Up

Asian Companies Pull Back From Iran Amid U.S. Pressure


While most of Washington has been obsessed with the Mueller report, serious foreign policy issues are coming to the forefront in these two countries. WSJ's Gerald F. Seib explains. Photos: GettyAsian companies that had provided a lifeline to Iran after the U.S. reimposed sanctions last year are pulling back, hurting the hobbled Iranian economy and leaving the Islamic Republic with less incentive to stay committed to a multination nuclear deal, Western diplomats say. The companies are reacting to the Trump administration’s moves this month to squeeze Iran’s oil exports and impose a terror designation on its paramilitary force. Among Asian businesses rethinking their dealings with Iran are banks, oil companies and...


Source: Wall Street Journal April 24, 2019 19:26 UTC



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