China and climate change top ADB agenda – Exemptions to US sanctions on Iranian oil expire – France and Germany target battery cell production
The United States has said no governments will be exempted from US sanctions on Iranian oil imports. The White House said the decision was intended "to bring Iran's oil exports to zero."
France and Germany have asked the EU executive to approve state subsidies for a cross-border battery cell consortium to curb Asia's market dominance. German analyst Marcel Weiss says the investment might not be worth it.
The German, French and British foreign ministers have met to find ways to keep the pact alive amid Iran's partial withdrawal. US Secretary of State Mike Pompeo made a surprise visit, as the EU called for restraint.
US Secretary of State Mike Pompeo has announced the details of US sanctions against Iran, including oil exemptions for eight countries. Tehran has said it will continue to sell oil despite the new sanctions.
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