Treasury Secretary speaks about the Iran sanctions after Iran deal withdrawal
He adds:
- Sanctions will remain until there is a deal to stop the nuclear program
- Companies with existing Iran business have wind down.
- Companies can apply for waivers/special licenses to deal with Iran
- Waivers, licenses will be done by case-by-case basis
- Trump obligation is new, comprehensive Iran deal
- Will be working with allies on comprehensive agreement
- Winddown is realistic, not likely to need more time
- Boeing, Aerojet licenses will be revoked
- Says hasn't personally had conversation with Iranians
- Can't say if Trump would do one-on-one talks w/ Iran
- Sanctions would impact all major industries
- Does not expect oil prices to go higher
PS according to Bloomberg, Boeing has signed $3B deal for thirty 737 max jets with Iran Aseman Airlines and $16.6B deal with Iran Air for 80 aircraft. Boeing is trading down marginally in after hour trading (-$0.65). It fell -$2.06 to $338.37.
