The US sanctions on Iran have know come into effect with a stern warning from the US President to any company dealing with Iran to heed the sanctions or risk no longer dealing with the USA. The EU had been expected to update its blocking statute that will exempt European companies from the sanctions but for now it has advised companies not to deal with Iran amid concerns from some quarters that the EU will not be able to protect EU companies operating in Iran from the US measures. All of the OEMs will have explored this new hurdle in

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