Donald Trump wants to put pressure on allies to follow suit in leaving the Iran nuclear deal. He's threatened sanctions on EU companies. What effect will this have on businesses?
The US has formed a special action group to review and coordinate all Iran-related activity. German rail operator Deutsche Bahn and Deutsche Telekom are among companies ending business in Iran in light of US sanctions.
Iran has been in economic turmoil since US President Donald Trump announced he would withdraw from an international deal that lifted sanctions against Iran's economy. The measures were reintroduced Tuesday.
In an escalating war of words, Trump told Iran's President Rouhani on Twitter to "NEVER EVER" threaten the US. The Iranian foreign minister shot back with a tweet telling the Trump to "BE CAUTIOUS!"
US President Donald Trump is applying his usual game of intimidation and concession in his dealings with Tehran. But unlike with North Korea, this approach will not bear fruit, writes Matthias von Hein.
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