The Trader 

Market Outlook: Iran sanctions resume today

The Trader

In what US secretary of state Mike Pompeo has described as ‘’the toughest sanctions ever put in place on the Islamic Republic of Iran’’, the US plans to reinstate all sanctions removed by ex-President Obama in 2015 as part of a nuclear deal. The European Union condemns the move and insists it will continue to adhere to the de-nuclearisaton plan; this will be difficult in light of the financial sanctions involved.

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