Question to the Department for International Trade:

To ask Her Majesty's Government what assessment they have made of the impact that the reintroduction of sanctions on Iran by the United States has had on UK-registered companies trading with Iran.

The US Treasury has re-imposed sanctions against Iran relating to financial institutions, and Iran’s energy, insurance and shipping sectors. There has been an impact on UK businesses, although it is too early to make a comprehensive assessment. Where necessary, UK companies should seek legal advice.

The Department for International Trade has a dedicated team working at the British Embassy in Tehran to support UK businesses active in the Iranian market. We continue to monitor any impact on UK-Iran trade caused by the re-imposition of US sanctions on Iran.