Nuclear Deal NEWS

The Head of Geopolitics at Energy Aspects, Richard Bronze, has told Rigzone that he doesn’t see any realistic prospect of the 2015 Iran nuclear deal (the Joint Comprehensive Plan of Action) being restored after the failed negotiations over 2021-22.

Maersk, Denmark's shipping giant, is all set to wind down its operations in Iran, in response to the US pulling out of the nuclear deal. The re-introduction of sanctions on Iran by US is probable, following a wind-down period for companies to get their affairs in the country in order. Maersk currently serves customers in the Iranian market via a feeder service, utilizing third-party vessels from Jebel Ali, Dubai.