Germany's powerful central bank--Deutsche Bundesbank--passed on Wednesday a new financial policy that will effectively bar the transfer of nearly $400 million in cash to the Iranian regime.
Renault SA is shaping up to be the latest European company to fall victim to Donald Trump’s renewed sanctions on Iran even if it doesn’t sell cars in the U.S.
Turkey’s biggest oil importer Tüpraş has cut back purchases of Iranian crude since May, when the United States said it would re-impose sanctions on Tehran, and analysts say Tüpraş is likely to stick to lower volumes in coming months.