TEHRAN—Chinese and Russian state-backed companies are maneuvering to profit from European firms leaving Iran, threatening the Trump administration’s bid to raise economic pressure on Tehran. Their efforts show how Iran’s business landscape has shifted since the Trump administration withdrew from the nuclear pact, which lifted crippling sanctions on Iran in exchange for curbs on its nuclear program, following 17 months of rising pressure. Secretary of State Mike Pompeohas threatened the “strongest set of sanctions in history”...

Source: Wall Street Journal May 28, 2018 10:52 UTC