Iran Calls For EU Help As Shipping Giant Pulls Out For Fear of U.S. Sanctions

On Saturday Reuters reported that one of the world’s biggest cargo shippers announced that it was pulling out of Iran for fear of becoming entangled in U.S. sanctions. The announcement by France’s CMA CGM that it was quitting Iran deals a blow to Tehran’s efforts to persuade European countries to offer economic benefits to offset the new U.S. sanctions. Iran says it needs more help from Europe to keep alive an agreement with world powers to curb its nuclear program.