By John Lee.
Danish shipping giant AP Moller-Maersk has said it will cease operations in Iran following the reimposition of US sanctions.
Chief Executive Soren Skou is quoted as saying:
“With the sanctions the Americans are to impose, you can’t do business in Iran if you also have business in the U.S., and we have that on a large scale … I don’t know the exact timing details but I’m certain we’re also going to shut down in Iran.”
(Sources: Reuters, The Telegraph)