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A Swiss bank suspends all its dealings with Iran

The Swiss Trade and Investment Bank said on Tuesday it had suspended all dealings with Iran and would gradually end its activities with this country after US President Donald Trump announced a withdrawal from the nuclear deal with Tehran.

The bank said in a statement that it had suspended all new transactions related to Iran after May 8.

Trump announced the withdrawal from the agreement on May 8 with the re-imposition of sanctions on Iran within 180 days, prompting a number of European companies to announce their exit from Iran. Source