Companies based in the United Arab Emirates regularly handle Iranian trade despite U.S. sanctions, American officials and traders in Tehran and Dubai say
On a scorching June day, a senior U.S. official arrived in the United Arab Emirates with a clear message: The Trump administration intended to tighten the screws on Iran through sanctions targeting its oil sales.
“We are going to increase our sanctions on Iran and continue our foreign policy,” Brian Hook, the White House special envoy on Iran, told CNBC from the U.A.E. capital of Abu Dhabi.
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