Publish button
Login to download. Need an ID and password? Register now!
Responsive button

Iran trade and sanctions

Graphic News

May 25, 2018 -- The economic impact of U.S. President Trump’s move to quit the Iran nuclear deal and reimpose sanctions on Tehran will hit EU companies that have done business with Iran since the 2015 accord was signed.

Iran’s crude oil exports more than doubled since the nuclear deal with the P5+1, the five permanent members of the UN’s Security Council: China, France, Russia, the UK and the U.S., plus Germany. Under the pact — the Joint Plan of Action (JPOA) under which Iran agreed to curb its nuclear work in return for limited sanctions relief — Tehran saw oil exports surge from 1.1 million barrels per day (bpd) to 2.3 million bpd.

In a meeting in Vienna on Friday (May 25) to try and salvage the nuclear deal, Iran told European powers to present it with measures to compensate it by the end of May. Tehran would then decide within weeks whether to quit the accord.

The EU has been trying to find a way to ensure that economic benefits continue to persuade Tehran to stay in the deal. But that has proven difficult, with European companies worried over U.S. secondary sanctions.

French oil and gas giant Total has decided to cancel a five-billion-dollar project to develop South Pars natural gas field unless U.S. authorities grant it a waiver. Norway’s Saga Energy has dropped a $3 billion agreement to build solar power plants while Denmark’s shipping group A.P. Moller-Maersk has called a halt to doing business with Iran. Airbus is loosing a $25 billion deal to sell commercial aircraft to IranAir and Iran’s Aseman Airlines. 

Welcome to Graphic News

Please get in the habit of logging in when you arrive as some pages may soon be restricted. If you are new to Graphic News there is a Website Guide to help you find your way around.

November 24, 2017 — Ai2HTML screen graphics - The script has been updated to allow multiple screen graphics to be published on the same web page. Click here for instructions

November 24, 2017 — Training - mobile graphics- The GN AI2HTML method is very fast and easy. It allows designers with conventional design skills to produce responsive “mobile” friendly graphics to meet news deadlines. Contact helpdesk @ if you would like to join our next training course.

If you need help or have questions at any time, please contact us