AIX-EN-PROVENCE, France (Reuters) – French shipping group CMA CGM has decided to pull out of Iran following the Trump administration’s decision to renew sanctions on companies operating in the country, its chief executive said on Saturday.
Some other big shipping companies like A.P. Moller-Maersk have already said they would halt business ahead of a reimposition of sanctions following the United States’ decision to pull out of the 2015 Iran nuclear accord.