PSA hopes EU will take common stand regarding Iran

French automaker and Peugeot-manufacturer PSA stated on Wednesday that it hoped the European Union would embrace a common stand on Iran, following U.S President Donald Trump’s decision to pull the U.S. out of a worldwide nuclear deal with Iran.

“Like other economic players, we are following the evolution of the matter, and are also adhering to the EU’s official position on this topic,” stated a spokesman for PSA, adding that PSA hoped the EU’s position concerning Iran would be a “singular” one.

On May 8, President Donald Trump on Tuesday pulled the United States out of an worldwide nuclear deal with Iran, raising the threat of conflict in the Middle East, worrying European allies and casting uncertainty over international oil supplies.

France, which has had close commercial ties with Iran since before the fall of the Shah in 1979, has sought to deepen commercial relations since sanctions against Iran were lifted in 2016.

Major French companies working in Iran include PSA, competing automaker Renault and oil major Total, while Airbus has also received orders from IranAir.