Banks and Iran: Tillerson’s firing muddies the waters even more for investment

Donald Trump fired Secretary of State Rex Tillerson on Tuesday, the latest sign of his opposition to the Iran nuclear deal, an international agreement that has allowed the country’s banks partial re-entry into global finance after years of sanction-fuelled isolation.

At his first press conference on Tuesday since confirming the dismissal of Rex Tillerson on Twitter, Donald Trump said of the former State Secretary: “We disagreed on things. When you look at the Iran deal, I think it’s terrible, I guess he thought it was OK.”

Trump has repeatedly expressed his opposition to the deal — signed by the Obama administration in 2015 — throughout his presidential campaign and since the start of his mandate.

He has called the agreement, which lifted a number of international sanctions on Iran in exchange for curbs on the country’s nuclear programme, “one of the worst deals ever made by any country in history”.

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