Shipping Giant Exits Iran, Fears US Sanctions
One of the world’s biggest cargo shippers announced Saturday that it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France’s CMA CGM that it was quitting Iran dealt a blow to Tehran’s efforts to persuade European countries to keep their companies operating in Iran despite the threat of new American sanctions. Iran says it needs more help from Europe to keep alive an agreement with world powers to curb its nuclear program. U.S. President Donald Trump abandoned the agreement in May and has announced new …