German business ties with Iran are under pressure after the US pulled out of the 5-party nuclear deal with Iran. Germany, France and the UK remain committed to the accord, though.
Oil prices have jumped to levels last seen in 2014, after the United States decided to re-impose sanctions on Iran, threatening to tighten global oil markets and likely to derail billions of dollars in business deals.
Trump's ploy to force countries to choose between doing business with the US or Iran is working. While German firms in Iran have been preparing for months for the sanctions, the outflow of companies is not slowing down.
The EU is using new regulations to persuade companies to continue working with Iran. But protection against US secondary sanctions remains difficult in practice. Bernd Riegert reports from Brussels.
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