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The Iranian ambassador to South Africa said on Tuesday that he hoped US President Donald Trump’s decision to withdraw from the Iran nuclear deal would not affect the relationship between South Africa and Iran, but history shows this is likely.
Trump on Tuesday announced his decision to withdraw from the widely-praised deal‚ and also announced that the highest level of sanctions would be imposed on Iran. He added that any country which continued to support Iran also risked sanctions being imposed on them.
These pronouncements and decisions could have significant implications on trade plans between South Africa and Iran.
Previously‚ sanctions imposed on Iran by the US saw a big decline in trade between the countries. Oil sales were particularly hard hit. In 2004‚ according to StatsSA‚ South Africa bought 8-million tonnes of crude oil from Iran‚ and the country was the third-biggest exporter of oil to South Africa in 2011.
However‚ due to the US-imposed sanctions‚ this dropped to zero ...
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