Eni has no material exposure to Iran and so will not be affected by sanctions announced by the U.S. administration, a spokesman for the Italian oil major said on Tuesday.

Italy Blocks EU Sanctions on Iran

United States President Trump warned the signatories of the 2015 Iran nuclear agreement that he will pull his country out of the deal if major changes cannot be made. He wants the significant flaws and weaknesses in the deal to be strengthened and fixed and wants Iran’s ballistic missile program to be addressed.

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