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Iran calls on help from EU as yet another carrier exits the country

Iran's president Hassan Rouhani is now calling on EU countries for help after yet another of the world's largest shipping companies exits the country in anticipation of US sanctions, writes Reuters.

Hassan Rouhani, Iran's president, asks European countries for more help in countering US sanctions. | Photo: Ebrahim Noroozi/AP/Polfoto

Saturday, France's CMA CGM joined the many companies and carriers pulling out of Iran because of US sanctions. That has prompted Iranian president Hassan Rouhani to request assistance from European countries in counteracting US pressure, writes Reuters.

Iran is trying to retain agreements with European companies after US president Donald Trump in May withdrew from the Joint Comprehensive Plan of Action and announced the reintroduction of sanctions. Despite European efforts to urge their businesses to continue doing business in Iran, the potential of being hit by US secondary sanctions and excluded from the US financial system is too great a threat for mosts firms.

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