Middle East & Africa Economic overview
May 2018
United States’ withdrawal from the Iran nuclear deal is a concern for Iran’s upstream investment and the region’s LNG trade.
US President Donald Trump pulled his country out of Iran’s deal with the P5+1 on 8 May. Trump has vowed to institute the “highest level” of economic sanctions against Iran. The move has put the US at loggerheads with the other signatories of the deal – the UK, France, Russia, China and Germany – who have openly expressed their commitment to it.
The US stance will discourage...