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- May 10, 2018 -

Trump officially announced that the United States withdrew from the Iranian nuclear agreement at 2 p.m. local time at 8 p.m. (Beijing time 2 o'clock today, 9). Trump said the United States is preparing to restore all sanctions against Iran which had been abandoned before the agreement was fulfilled, and would impose additional economic penalties. 

The world situation and the shipping market have returned to chaos. The direct impact on shipping market may be that Abbas's position is beginning to tense and the freight rate will also rise.