Big shipper quitting Iran

AixenProvence, France/London:

One of the world’s biggest cargo shippers on Saturday announced it was pulling out of Iran for fear of becoming entangled in US sanctions, and President Hassan Rouhani demanded European countries to do more to offset the US measures.

The announcement by France’s

CMA CGM it was quitting Iran deals a blow to Teheran’s efforts to persuade European countries to keep their companies operating in Iran despite the threat of new American sanctions.