Tuesday, May 8, 2018

Mnuchin: Sanctions Will Sharply Limit Iranian Oil Sales

Treasury Secretary Steven Mnuchin says licenses Boeing has to sell billions of dollars in commercial jetliners to Iran will be revoked under the action President Donald Trump has taken to withdraw from the Iran nuclear deal.

Mnuchin briefed reporters after Trump’s announcement earlier Tuesday. Mnuchin says the existing sales licenses held by Chicago-based Boeing Co. and its European competitor, Netherlands-based Airbus Group, would be invalidated by Trump’s decision.

He says the sanctions will also sharply curtail sales of oil by Iran, which is currently the world’s fifth-largest oil producer.

(via AP)

1 comment:

  1. Oh dear, the Boeing lobby lost out to AIPAC. I'm sure there will be pork for Boeing somewhere to make up for this.