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U.K. Brushes Off Trump on Iran With $720 Million Solar Deal

  • Solar deal by Quercus shows investors eager to enter Iran
  • European leaders reluctant to leave JCPOA nuclear accord
Bloomberg business news

Trump Says Iran Nuclear Deal Is 'Embarrassment' to U.S.

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The U.K. deepened its economic relationship with Iran in a solar deal worth $720 million less than a day after U.S. President called the Persian Gulf nation a “rogue state” and threat to global security.

Current and former Iranian and U.K. officials gathered in London to announce a 600-million euro plan to develop a giant solar park with cash from investors in Asia, Europe and the Middle East. The agreement underscores how difficult it will be for Trump to dismantle the 2015 nuclear accord, or JCPOA, between six world powers and Iran.