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