Spooked by Trump, Europe's Iranian oil purchases set to plummet
European refiners are cutting purchases of Iranian oil faster than expected as the U.S. prepares to reimpose sanctions on Iran, threatening a more severe impact than the last round of punitive measures in 2012 even though the EU has not joined in./ FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo/ Washington said that companies would have to wind down their activities with Iran by November 4 or risk exclusion ...
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