Ship­ping gi­ant pulls out of Iran, fear­ing U.S. sanc­tions:

The Washington Post Sunday - - THE WORLD -

One of the world’s big­gest cargo ship­pers has an­nounced it is pulling out of Iran for fear of be­com­ing en­tan­gled in U.S. sanc­tions. The an­nounce­ment by France’s CMA CGM, which has the world’s third-largest con­tainer ship­ping flee, deals a blow to Tehran’s ef­forts to per­suade Euro­pean coun­tries to keep their com­pa­nies op­er­at­ing in Iran. Euro­pean pow­ers that still sup­port the 2015 nu­clear deal, which the United States says Iran is in vi­o­la­tion of, say they will do more to en­cour­age their busi­nesses to re­main engaged with Iran. But the prospect of be­ing banned in the United States ap­pears to be enough to per­suade Euro­pean com­pa­nies to keep out.

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