The US Treasury says licenses held by aerospace giants Boeing and Airbus to sell passenger jets to Iran will be revoked after Washington announced its withdrawal from the 2015 nuclear deal.
“The Boeing and (Airbus) licenses will be revoked,” Treasury Secretary Steven Mnuchin said on Tuesday.
“Under the original deal there were waivers for commercial aircraft, parts and services and the existing licenses will be revoked,” he added.
The remarks came after US President Donald Trump on Tuesday announced that he was quitting the Iran nuclear agreement, officially called the Joint Comprehensive Plan of Action (JCPOA).
Trump also said that he would reinstate US nuclear sanctions on Iran and impose “the highest level” of economic bans on the Islamic Republic.
Trump’s decision came despite massive efforts by Washington’s European allies to convince the US president to stay in the JCPOA.
He had threatened US exit from the multilateral nuclear…