Bad week

Financial Mail - - BETWEEN THE CHAINS -

De­spite the in­ten­tion of EU and other coun­tries to help Iran evade US Pres­i­dent Don­ald Trump’s reim­po­si­tion of oil and bank­ing sanc­tions on Tehran this week, Amer­ica’s sheer size will make this dif­fi­cult. Iran’s pres­i­dent, vowed to defy Trump’s move, but the sanc­tions are bound to hurt his coun­try. The In­ter­na­tional Mon­e­tary Fund pre­dicts that Iran’s econ­omy will shrink by 1.5% this year. Trump has made it clear that he wants to even­tu­ally cut off Iran’s oil trade en­tirely.

Has­san Rouhani,

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