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Sanctions crumble in Europe's rush to Iran

ECONOMY

Sanctions crumble in Europe's rush to Iran

With American political leaders hunkered in a bitter dispute over whether to embrace the Iran nuclear accord, the Europeans are snapping up trade deals, pending the removal of sanctions to start full-fledged business relationship.

Hyundai joins race for Iran petrochemicals

ENERGY

Hyundai joins race for Iran petrochemicals

South Korea’s Hyundai has held negotiations with Iran for participation in the country’s petrochemical projects, joining major international companies in hunt for new opportunities.