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home / news releases / BDD - U.S. Puts The Squeeze On Iranian Metals Industry


BDD - U.S. Puts The Squeeze On Iranian Metals Industry

Original Post

By Stuart Burns

Not content with putting the squeeze on Iran's oil industry, President Donald Trump signed a new executive order last week extending existing sanctions to include Iran's metal industry.

According to the Financial Times, much of Iran's non-oil income comes from metal exports, including $4.2 billion from the sale of steel and a further $917 million from copper and its downstream products.

Much of Iran's metals industry is in the hands of its Revolutionary Guards - not ones to miss a profit, the country has ambitious plans to grow its steel

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Stock Information

Company Name: DB Base Metals Double Long ETN
Stock Symbol: BDD
Market: NYSE

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