DUBAI, United Arab Emirates — 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. That threat alone has been enough to scare risk-averse firms, like Boeing Co., into slow-walking deals agreed to months ago. A complete pullout by the U.S. would wreak further havoc and likely frighten off those considering making the plunge. “The only ones who will, will be those who see tremendous monetary benefit and no U.S. risk.”The 2015 Iran nuclear deal lifted crippling economic sanctions that had locked Iran out of international banking and the global oil trade. French carmaker PSA Peugeot Citroen reached a deal in 2016 to open a plant producing 200,000 vehicles annually in Iran.

Source: National Post May 06, 2018 06:45 UTC