European Firms Start Pulling Back From Iran
From Total to Maersk, companies are responding to U.S. warnings after the Trump administration began reimposing new sanctions on Tehran/ LONDON—European firms have started pulling back investment and abandoning commitments in Iran, responding to a decision last week to reimpose broad American sanctionson Tehran by year end. Total SA, a French oil giant, said Wednesday it had halted work on an Iranian natural-gas project and warned it may have to pull out altogether from its plan to invest $1 billion in the field. Some shippers of Iranian ...
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