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Companies doing business with Iran will be barred from the United States – Donald Trump

Trump says firms doing business in Iran to be barred from U.S. as sanctions hit, Babak Dehghanpisheh, Peter Graff,   BEIRUT/LONDON (Reuters) 7 Aug 18, – Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington’s allies.

Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on a 2015 deal to lift sanctions in return for curbs on Iran’s nuclear program.

Trump decided this year to pull out of the agreement, ignoring pleas from the other world powers that had co-sponsored the deal, including Washington’s main European allies Britain, France and Germany, as well as Russia and China.

European countries, hoping to persuade Tehran to continue to respect the deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out. But that has proven difficult: European companies have quit Iran, arguing that they cannot risk their U.S. business……..https://www.reuters.com/article/us-iran-nuclear/new-trump-sanctions-on-iran-take-effect-despite-pleas-from-allies-idUSKBN1KS13I

August 8, 2018 - Posted by Christina Macpherson | politics, politics international, USA