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Maersk Tankers pulls out of Iran in blow to nuclear deal

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Incoming US sanctions leads world’s largest oil shipping container firm to wind down its commercial activity in Iran

The chances of the Iran nuclear deal surviving the impact of US sanctions have been dealt a blow after Denmark’s Maersk Tankers said it was joining an exodus of companies ceasing commercial activity in Iran.

Maersk, the world’s largest oil shipping container firm, said it would honour customer agreements entered into before 8 May, but then wind them down by 4 November, as required by the reimposed US sanctions.

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Source: https://www.theguardian.com/world/2018/may/17/maersk-tankers-pull-out-of-iran-in-blow-to-nuclear-deal