For years, PSA — the company that makes Peugeot and Citroen cars — got around the Iranian embargo by selling Tehran what it called car “kits.” But it pulled the plug last year, under growing pressure to honor the embargo. PSA is now struggling and letting workers go. An Iran deal might just change that.
Iran’s controversial nuclear plans continue to raise tensions. Israeli, European, and American leaders have slightly different policies regarding the threat of an armed Iran. The situation could come to a head this weekend when negotiations with Iran resume.
In light of a report by the International Atomic Energy Agency on Iran’s nuclear program, the United States and several international partners are preparing to implement sanctions against Iran if new questions about its nuclear ambitions go unanswered.