More pressure seen on Airbus than Boeing from US Iran deal exit

More pressure seen on Airbus than Boeing from US Iran deal exit

The company had signed a deal to sell 100 jets, worth more than $20 billion, to Iran Air, the main state airline.

French Finance Minister Bruno Le Maire said on Europe-1 radio that Europe should not accept that the U.S.is the "world's economic policeman". "The existing licenses will be revoked". The company insists that they will follow the United States government's lead on the renewed sales ban.

"If at the end of this short period we conclude that we can fully benefit from the JCPOA with the cooperation of all countries, the deal would remain", Rouhani said. Airbus falls under US rules because its planes include USA -made components. Over 19.6 billion dollars 110 aircraft were to be purchased from Boeing. It's already spent $90 million to develop the field, and Iran's state oil company says it won't be compensated until production begins. "As we have throughout this process, we'll continue to follow the U.S. Government's lead".

French automaker PSA Peugeot Citroen reached an agreement previous year to sell cars in Iran and has reported sales increases in the country since resuming.

Plane-makers Boeing and Airbus are probably the highest-profile casualties of the reimposed sanctions, as they had been planning to start selling aircraft to the Islamic Republic for the first time.

Planemakers Airbus and Boeing, oil companies and vehicle manufacturers such as France's Renault and Peugeot could be among companies hardest hit.

The Treasury secretary said that the sanctions will also sharply curtail sales of oil by Iran, which is now the world's fifth-largest oil producer.

More news: Ford F-Series production halted amid parts shortage

One company hoping for a reprieve is the French oil giant Total, which a year ago signed a $2 billion contract to develop the South Pars natural gas field. It's also possible that nixing the deal pushes up oil prices, padding coffers in countries like Saudi Arabia, Qatar and Kuwait.

France, which has had close business ties with Iran since before the fall of the Shah in 1979, has sought to deepen trade ties since sanctions against Iran were lifted in 2016.

Airbus didn't immediately respond to a request for comment. Benchmark U.S. crude gained $2, or 2.9 percent, to $71.06 a barrel in NY, the highest level since late 2014.

"The objective is to put and maintain maximum sanctions on Iran; that is the objective here".

European governments tried for months to persuade Trump to stick with the deal but failed, and now fear it will raise the risk of conflict in the region.

Information for this article was contributed by Martin Crutsinger, Jon Gambrell, Frank Jordans, Raf Casert and Matt Ott of The Associated Press and by Steven Mufson and Damian Paletta of The Washington Post.

Related News:

  • Jailed Malaysian politician Anwar Ibrahim to receive royal pardon

    Jailed Malaysian politician Anwar Ibrahim to receive royal pardon

    Whether Mahathir can repeat the success of his first tenure in office that ended 15 years ago remains to be seen. It also expressed its hope to continue bilateral cooperation with Malaysia under Taiwan's New Southbound Policy.
    Pep Guardiola admits Sergio Aguero could leave Man City this summer

    Pep Guardiola admits Sergio Aguero could leave Man City this summer

    Aguero, 29, joined City from Spanish side Atletico for a reported £38m in 2011 and has been linked with a return . The Portuguese has featured in all but four of City's 56 games this season but only 27 of them have been starts.

    Notable Stock Analysts Ratings Northern Oil and Gas, Inc. (NOG)

    Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant). The shares of the company (BP) staged the smart recovery as has roared back some 37.99% after stumbling to its new 52-weeks low.
  • Rockets Ready to Roll Over Warriors in West Finals

    The Warriors are the favorites, while the Rockets are the second-most likely to win it all this season, according to the lines. As good as the Rockets have performed, the Warriors remain in a class by themselves when they're at their best .
    Hawks hire Lloyd Pierce as new head coach on three-year deal

    Hawks hire Lloyd Pierce as new head coach on three-year deal

    The Hawks went 24-58 this season, which was worst in the Eastern Conference and tied with Dallas for the NBA's third-worst record. Pierce's one-year stint at Golden State coincided with current Hawks general manager Travis Schlenk's time with the team.
    Charlotte Flair Pulled From European Tour & Scheduled For Another Surgery

    Charlotte Flair Pulled From European Tour & Scheduled For Another Surgery

    On Thursday night we reported that Charlotte Flair lost a tooth at a live event during the United Kingdom tour. Flair is working the current tour because she didn't want to miss out on the money.
  • Watch Childish Gambino's 'This Is America' video

    Watch Childish Gambino's 'This Is America' video

    Speaking of the moment she first saw Gambino's video (the alter ego of Donald Glover ), she recalled getting her hair done and how she "had to get everyone to stop and watch it" before miming putting her hands over her face jn an expression of shock and disbelief.
    Former Texas dentist released from prison 15 years after killing husband

    Former Texas dentist released from prison 15 years after killing husband

    In 2002, Harris ran over her husband, David, after she discovered he was cheating with the receptionist at their dental practice. Parnham says he wishes Harris nothing but the best and believes she'll be able to adjust well to life back in society.
    Eddie Hearn's Matchroom Boxing agrees $1bn USA  streaming deal

    Eddie Hearn's Matchroom Boxing agrees $1bn USA streaming deal

    Heavyweight champion Anthony Joshua , Tony Bellew , Kell Brook and Anthony Crolla are among the biggest names in Hearn's stable. Now all he needs is fighters and a lot of them. "That's what fans told us they want".
  • Day, Scott chase Players leader Simpson

    Day, Scott chase Players leader Simpson

    Conditions are unlikely to reach those extremes this weekend, with steamy temps and light breezes in the forecast. It's a phrase that likely won't make it into promotional materials for The Players Championship anytime soon.
    Thanos has been nerfed yet again in Fortnite

    Thanos has been nerfed yet again in Fortnite

    As you'd imagine, being Thanos is a huge advantage, as he's so physically superior to every other player in the field. The "hotfix" reduced Thanos' shield and health by 100 each and lowered the power of his laser down from 15 to 12.
    Atlantic City's Ocean Resort Casino Officially Announces June 28th Grand Opening

    Atlantic City's Ocean Resort Casino Officially Announces June 28th Grand Opening

    The casino floor will be 138,000 square feet, though no specifics have been given on what sorts games will be offered. Recently announced, Ocean Resort Casino will have the popular attraction Topgolf, a simulated golf driving range.


Most liked

How Delhi Daredevils' Rishabh Pant exposed chink in Sunrisers Hyderabad's armour
Shakib delivered Roy the exact next ball using a beauty which flipped out only enough to take the edge towards the wicketkeeper. His overall tally reached 521 - 28 runs ahead of second-placed Kane Williamson of SRH (493 runs in 11 games) after Matchday 34.

Red Bull keeping drivers on tight leash after Baku crash
But he finished with the second-quickest time in the afternoon, behind Lewis Hamilton of Mercedes and just ahead of Verstappen. Both drivers left Baku with zero points. "That's not how Red Bull is - and that's why I like the team", said the Dutchman.

'Save Lucifer!' Fans rally to save the Fox series from cancellation
"We created a season finale with a huge cliffhanger so that there was no way Fox could cancel us", he tweeted . I loved this show so damn much and everyone put their heart and soul into it.

New York Giants cut former UCLA RB Paul Perkins
He underwent a procedure recently and was waived with a non-football injury designation. He appeared 25 regular-season games in that span totaling 153 rushes for 546 yards.

SolarEdge (SEDG) Position Lifted by Raymond James & Associates
The company reported the earnings of $0.85/Share in the last quarter where the estimated EPS by analysts was $0.65/share. The companyÂ's DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software.

India name Rahane as skipper for Afghanistan Test
Of course, the England tour will be "the tour" for him. "Fantastic innings, I only saw some of the highlights", he said. He is the best batsman in the world, last four years he has established himself as the No. 1 batsman in the world.

China's ZTE paid over US$2.3b to US exporters last year
ZTE said in an announcement Wednesday that "the major operating activities of the Company have ceased". Trading of its Hong Kong and Shenzhen-listed shares has been halted since the USA decision.

Letter carriers to pick up donated food this Saturday
The carrier will do the rest. "(The) drive is extremely important to us because it carries us through the summer", she said. The food drive has become the nation's largest one-day campaign to collect food for distribution to needy families.

Bad loans of top six private banks exceed Rs 1 lakh crore
Its return on assets became negative at (-) 0.03 per cent at the end of March quarter as against 0.15 per cent in the year-ago. Provision for non-performing assets nearly tripled to ₹8,762.57 crore from ₹2,924.08 crore, according to a filing.

Lexington Realty Trust (LXP): Stock to Keep Your Eyes on
Volume analysis is used by technical analysts to determine the strength of price movement, as some believe price follows volume. Now we move forward to see the historical returns of Vista Outdoor Inc. which is United States of America based stock.

Eastern Conference final matches hungry Caps, savvy Lightning
Similar trends can be seen in Pittsburgh, where the Penguins are on the verge of elimination. Their power play was good, but not almost good enough to overcome that lack of production.

Wall Street set for gains as oil hits $70
Cognizant Technology Solutions Corp.'s stock sank 5.3% after it provided an outlook that was below expectations. The U.S. 10-year Treasury yield US10YT=RR rose to a two-week high back above the key 3 percent level.

Prince Harry's Army Comrades Are 'Pretty Excited' About Their Royal Wedding Role
Christine Knudson, the head of the theology department at Immaculate Heart, said that she sees a lot of Princess Diana in Markle . Meanwhile, to honor their former student, Immaculate Heart will have a tea party and royal wedding viewing on May 19 at 4 a.m.

Coca-Cola European Partners (CCE) Lowered to "Sell" at ValuEngine
Lombard Odier Asset Management (Switzerland) holds 0.19% of its portfolio in The Coca-Cola Company (NYSE:KO) for 42,256 shares. It has underperformed by 25.01% the S&P500.The move comes after 5 months positive chart setup for the $1.30 billion company.

What to Watch on Thursday: Finales for 'Young Sheldon,' 'Atlanta' and more
In fact, the below clip was meant to be a part of Thursday's season finale but was cut due to time restraints for the episode. Mark Hamill had fans praising him to the heavens after his guest stint on " The Big Bang Theory " season finale Thursday.