Rouhani has implied that Iran will consider blocking oil exports from the Gulf in retaliation against the sanctions. REUTERS/Denis Balibouse
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PIran's resident Hassan Rouhani has demanded that European countries do more to offset the U.S. sanctions after one of the world's biggest cargo shippers announced Saturday it was pulling out of Iran for fear of becoming entangled in the measures.The announcement by France's CMA CGM that it was quitting Iran deals a blow to Tehran's efforts to persuade European countries to keep their companies operating in Iran despite the threat of new American sanctions. The prospect of being banned in the United States appears to be enough to persuade European companies to keep out.In June, French carmaker PSA Group suspended its joint venture activities in Iran, and French oil major Total said it held little hope of receiving a U.S. waiver to continue with a multibillion-dollar gas project in the country.
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