The revocation “is a reminder that the U.S. is serious about requiring all Iran business that had been allowed pursuant to the [nuclear] deal to be wound down by no later than Nov. 4,” said Sanjay Mullick, a partner at Kirkland & Ellis LLP.
Companies have been leaving Iran in droves since the May decision by Mr. Trump, including those not subject to the U.S. license requirements. Executives of European companies have cited the threat of secondary sanctions as one of the reasons for their departure.
blogs.wsj.com/riskandcompliance/2018/06/28/u-s-move-may-trigger-iran-exit-for-foreign-subsidiaries/