An Iranian laborer walks the platform of the oil facility on Khark Island, on the shore of the Gulf. AFP / ATTA KENARE
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Some oil traders are already steering clear of doing business with Iran as U.S. President Donald Trump signals he'll ditch the nuclear deal with OPEC's third-largest producer.French President Emmanuel Macron, who met Trump this week in Washington, said he thinks the U.S. leader will abandon the nuclear accord that Iran signed with world powers in 2015 . Trump ridiculed the existing deal as "terrible" and "insane". U.S. curbs would squeeze Iran's oil exports this year by as much as 500,000 barrels a day, according to consultant FGE and trader Gunvor Group Ltd. Iran currently ships about 2.5 million barrels of crude and condensate a day.Iran's current exports are more than twice what they were before energy sanctions were eased in January 2016 .Iran denies the charge, and its President Hassan Rouhani urged Trump to stand by his existing commitments before making fresh demands.
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