World's Largest Shipper Pulls out of Iran
By Micah Halpern
Sunday July 8, 2018
I've Been Thinking:
One of the world's largest cargo shippers, a French company called CMA CGM, has decided to cease all business involvement with Iran effective ASAP.
This is a massive blow to Iran.
Iran is attempting to rally interested parties to resist US sanctions by appealing to their independent side. They are making the claim that the United States should not and cannot dictate world economic policy. Iran is arguing that each country should be able to make its own decision as to whether they choose to support Iran.
"European countries have the political will to maintain economic ties with Iran based on the JCPOA (the nuclear deal), but they need to take practical measures within the time limit," Rouhani wrote on Saturday on his official website.
That may be true, but it is also true that everyone needs to do business with the United States if they want to expand their markets. And US President Trump seems to be following through with his threats.
Countries realize that they must tread lightly in dealing with the United States - their entire economies are in the balance.
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