Maersk to pull out of Iran

Exit raises doubts whether European leaders can keep the Iran nuke deal alive

Copenhagen: Shipping group A.P. Moller-Maersk on Thursday joined a growing list of companies preparing to call a halt to doing business with Iran, casting doubts on whether European leaders can keep alive a nuclear deal with Tehran.

Maersk's move comes a day after French energy group Total and other European companies signalled they could exit Iran ahead of a reimposition of sanctions following the US' decision to pull out of the Iran accord.

French President Emmanuel Macron said on Thursday that the EU must protect companies doing business with Iran from US sanctions. But Macron, joining EU leaders for a summit in Bulgaria, also said he recognised that big companies would want to protect their own interests.

Maersk chief executive Soren Skou said: "With the sanctions the Americans are to impose, you can't do business in Iran if you also have business in the US, and we have that on a large scale. I am certain that we're also going to shut down (in Iran)." 


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