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Boeing, Airbus, GE Among Biggest Losers from US Iran Shift

May 9, 2018


US President Donald Trump’s decision to withdraw from the Iran nuclear pact threatens new business for several big companies, including Boeing, Airbus and General Electric.

The two aerospace giants were among the companies to receive US Treasury licenses to begin conducting business in Iran under strict oversight after sanctions were lifted in the 2015 accord.

Even amid this easing, Washington continued to keep in place an embargo on American citizens operating in Iran and barred Iranian entities from using the US financial system.

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