May 18, 2018 / 5:02 PM / a year ago

Germany's DZ Bank to halt all transactions with Iran on July 1

BERLIN (Reuters) - German lender DZ Bank will suspend financial transactions with Iran in July, it said, after U.S. President Donald Trump’s decision to pull out of the Iran nuclear deal created uncertainty over business dealings with the country.

“We will completely suspend our foreign payment transactions related to Iran starting July 1st,” a spokesman for the Frankfurt-based bank said on Friday.

Reporting by Riham Alkousaa; Writing by Andreas Cremer; Editing by Adrian Croft

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