Volkswagen AG is going to end nearly of all its operations in Iran, Bloomberg reported on Wednesday, mentioning a U.S. official who led the discussions with the automaker.
The Trump administration persuaded the automaker to adhere to U.S. sanctions on Iran, Bloomberg stated.
The White House and Volkswagen were not available at the time for comment on the report.
In May, Donald Trump pulled out of a 2015 pact between Iran and top world powers under which sanctions were lifted in return for Tehran agreeing to curb its nuclear program.
The report noted that U.S. Ambassador to Germany Richard Grenell led the discussions with the Wolfsburg-based company.
Volkswagen will be able to carry out some business in Iran on humanitarian grounds, the report stated.