The chances of the Iran nuclear deal surviving the impact of US sanctions have been dealt a blow after Denmark’s Maersk Tankers said it was joining an exodus of companies ceasing commercial activity in Iran.
Maersk, the world’s largest oil shipping container firm, said it would honour customer agreements entered into before 8 May, but then wind them down by 4 November, as required by the reimposed US sanctions.
The announcement comes after the French oil firm Total announced on Wednesday that it was going to pull out of its 50.1% stake in the South Pars 11 oil field. Total said it would only retain its investment if the US gave it a specific exemption from the planned sanctions. Its joint venture partners in China are likely to take over its share of the investment.
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