28 Mar 2024
Saturday 7 April 2018 - 22:35
Story Code : 299885

Trumps strategy sows uncertainty for U.S. companies in Iran

Wall Street Journal | Benoit Faucon in London and Asa Fitch in Dubai: Abdolreza Kamyab, a Plano, Texas-based exporter of food supplements for livestock, got a beat on competitors years ago by doing business with a country many shunned: Iran. Now, he is worried about his company as the Trump administration threatens to scrap Tehrans nuclear deal and impose new sanctions.

We didnt expect it, because Trump is in business, and it was my understanding that business was going to expand, said Mr. Kamyab, who moved to the U.S. permanently from his native Iran in 2001 and started exporting there three years later.


Like dozens of other small- and medium-size American companies, Mr. Kamyab made his bet on the Iranian market thanks to exceptions granted by the Treasury Department to the economic sanctions in place at the time, for food and medicine on humanitarian grounds. The nutritional supplements Mr. Kamyab was sending over help livestock grow faster and stay healthier. They werent available in Iran, leaving an enticing gap he sought to fill.

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