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Nov 12, 2019

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Marketplace Morning Report

U.S. sanctions on Iran present foreign companies with dilemma

Reema Khrais Aug 6, 2018
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A man takes a glance at a newspaper with a picture of US president Donald Trump on the front page, in the capital Tehran on July 31, 2018. - Iran's currency traded at a fresh record-low of 119,000 to the dollar today, a loss of nearly two-thirds of its value since the start of the year as US sanctions loom. 
ATTA KENARE/AFP/Getty Images

U.S. sanctions on Iran go into effect today. Back in 2015 when Iran agreed to limit its nuclear program, many U.S. sanctions were lifted. But President Donald Trump pulled out of the multinational agreement in May, and now the measures are back. What’s at stake for foreign companies?

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