You are here: Home » Reuters » News
Business Standard

Factbox: Iran sanctions risk highlights dollar's hegemony in world markets

Reuters  |  LONDON 

By Tom FinnLONDON (Reuters) - From global finance and merchandise trade to investment, the dollar's supremacy in the world economy is being underscored by the U.S. decision to reimpose sanctions on Iran and all those doing business with it.President Donald Trump this month pulled out of a nuclear accord with Iran, sparking consternation among European companies which now risk punitive U.S. measures if they continue business dealings with Tehran..Oil firm Total, insurer Allianz and shipping company Maersk are among European names signalling an exit from Iran. European leaders are meeting in ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, May 18 2018. 16:39 IST
RECOMMENDED FOR YOU