of iran's in syria they've been fighting on the same side in the war it's likely that israel will be will be looking to these talks and placing great significance on them. emily sherwin in moscow thank you. and after a short break monica johns has the business view of the iran nuclear deal in the meantime thank you so much for watching i'm sara kelley. of blessing. and a curse. of nature and in this skittles. monsoon. the tropical force winds can you. hear the singing the song come to. our source of feeling. closer to destruction.

long soon starting may twenty third do double. duty at the. washington quits the iran nuclear deal and it wants other countries to join them in agree imposing sanctions what does this mean for for german business interests in iran we talk to the chairman of the german iranian chamber of industry and commerce in tehran. also coming up it's an unlikely combination blocked the best of the flock to hurricane stricken puerto rico for tax reasons and on humanitarian grounds so they say. welcome to the w business

european business leaders say they regret washington's decision to pull the u.s. out of the twenty fifteen iran nuclear agreement and they look to the e.u. for a clear signal about its continued commitment to the deal german companies had great hopes for the opening off the iranian market business relations between the two countries go back decades new sanctions could jeopardize existing deals and that would hurt both sides. iran is urging caution it hopes economic interests will keep other countries from following washington's lead it says there's a lot of money to be made in rebuilding its crumbling infrastructure that's music to germany ears before the nine hundred seventy nine islamic revolution iran was one of west germany as biggest trading partners it's a relationship german companies would like to pick up again it's an uneven balance of trade last year iran exported only zero point four billion dollars worth of goods to germany almost all of it all while german firms delivered goods worth

three billion dollars a third of that was machinery photon meisner technology says one of the german companies looking to iran it's produces components for railway tracks and trains a delegation from tehran came to see what they had to offer. months with iran is a promising market for the railway industry it's similar to turkey and russia because in the near future it'll need new infrastructure networks including railways when it's opened by spawn. that's why we're very focused on breaking into the uranium market. in. the nuclear treaty in two thousand and fifteen raised big hopes in german business one delegation after another went to tehran in two thousand and sixteen the economics minister at the time sig gabriele traveled there with one hundred top executives and those ties have been paying off since

sanctions were lifted german companies revenue in iran has climbed by forty five percent but trump's announcement could mean the end of this burgeoning relationship keeping many german companies out of a growing market. and i'm joined now by. deputy chairman of the german and reigning chamber of industry economists in tehran good to have you with us how would you describe the current mood among iranian companies. well it's a little too early. to see and to monitor the market and the reaction because everybody is a little shocked in the sense that it's the. intensity of the. of president trump's decisions is a little unexpected and everybody is now actually right now baiting to see what happens in the next weeks now if you talk when you talk about the intensity i mean

donald trump also threatens to impose sanctions not only on iran but also on countries that support iran and that of course puts europe germany particularly in a difficult position do you think we will see german companies pulling out of iran yes. this could happen because this is the so-called secondary sanctions that the u.s. government is posing imposing against you companies. also german companies. who do business with iran and who while eight against these u.s. regulations and u.s. sanctions regime but as i said. the reaction of the u.s. or of the e.u. governments of the german government and the iranian government was yesterday after the speech of president trump. more constructive and both. ratified

and stressed once again that they will try to keep the agrement without the usa alive we should wait to see what will what will be what will the negotiations be and what will they agree and what will a achieve and just just briefly how important are business relations with germany for the iranian economy. very important actually the infrastructure of the iranian industry is very german based the industrialization of the iranian economy many years ago was done with help with the help of german companies and german entrepreneurs and you said in your report that i want third of the german yeah it would it would be a problem for the iranian economy i take it if germany was to pull out we have to leave it at this point but thank you so much i mean he said he did it you chairman

of the german irena chamber of industry home is in tehran because another big topic of course is oil will hold oil hit eighty ninety or even one hundred dollars it's been a while since we've read headlines like these but that could be said to change the oil price has been climbing steadily for months over the last year it's jumped over sixty percent a barrel of brant crude is currently selling for over seventy six dollars a four year high and analysts say higher demand to lower production and to geo political instability be high and the rise u.s. president on a tram saber rattling about iran is also contributing to the worries iran is the third largest opec producer and experts say that could sense the prize of crude over the eighty dollars mark and earlier i spoke to came from the german institute for economic research and with iran starting to lose access to the global oil market and i asked her who stands to profit. of course those countries who export oil especially saudi arabia for example or the other opec countries especially

because i had to cut in the previous month the oil exploration because our price was too low and now if the prices rising obviously the income from oil exports will increase and those countries do benefit and how high do you think the oil price will go. that's very difficult to say because it's always be a spoiler space speculation let's say that way because we don't know now we have a very high oil demand we have this geopolitical risk we still don't know what's ongoing in iran and the oil exploration there and here we see how high the fear is that the oil market will be under pressure in the future and this is why we see right now a climbing or a prize and i think this will continue in the next month ok so let's let's just play it through let's say the all present goes above eighty or maybe even ninety dollars

a barrel how would that impact the economy globally but also europe especially those countries who import oil of course the fact that negatively europe for example but also other industrial nations those countries who export benefit but those who import the do not benefit on the other hand we could also see that there might be some kind of increase of oil demand decline because here we have tendencies to. put more investment into energy efficiency and energy saving and also for the energy transition that might have to give a boost all right i'm glad you came for there from the german is that you for economic research thank you so much for this block chain investors are flocking to puerto rico tracked it by huge tax incentives but they also want to help rebuild to the caribbean island which has still not fully recovered from hurricane maria and to block change acknowledge it could offer quick solutions especially in the energy sector. darkness on the streets of puerto rico island

white blackouts are still part of everyday life even seven months after hurricane maria thousands of puerto rican slike won the crown still lacking in basic things like a briefing for the heads back there were there is a flashlight and there water there were go when the holiday under water but at the same time the island presents a completely different picture investors from the block chain sector coming to puerto rico with capital and visions for the future german entrepreneur florian reich has seized block chain as an opportunity for the island to repair itself the public database that blocks chain is made of can help to connect the consumer and supplier of the transaction directly. train technology can help to rebuild the infrastructure in countries like puerto rico you can for example regulate the power supply in a more efficient way to prevent power outages will come almost. in summer when the

young entrepreneur meets up with c.e.o.'s who have chosen puerto rico as their ideal location for innovation there's incredible tax incentives that allow you to have a low cost operations and some of the incentives to apply in many ways to blocking . the government of puerto rico office tax incentives to attract companies and investors to the island last month the department of economic development and commerce announced plans to form an advisory council that will support block chain businesses many puerto rican since some one still unsure about the idea of their island becoming a paradise for crypto investors who are dealing with the power food people and where you deal with the bio bar or food people. they want to do it seems like they want to change everything and kind of take over. the part that kind of freaks me out a little bit the investors don't seem to care too much about their critics all they

see is potential. puerto rico is a blank slate and we can utilize block chain for government for community many different ways and puerto rico could be a unique place in the world by utilizing watching first in the meantime one leg or arm is preparing for the next power outage he's never even heard of the word blocked chain faithfully one day the two worlds will be able to converge on the islands they share. and that's your business update. in the next four more weeks. the body the body the to. the body. the touch the big

cut on. the body. the touch above the tongue. the bottom of. the leg is a sprinting the make. a must see the foot in the morning the whole world china blossoming i'm already forming on the spell of the city on the move joins me as he explores the movement from bama dramatic d.w. . much trouble to come in the

business coming to a sublimated in germany always has its finger on the pulse of the be above sixty minutes the be. an exclusive interview with the french president. last man a well might call this stirring up in france europe and the world we meet the rising star of global politics the interview made nine phone d.w. . we make up over a week watches of office of the under educated we are the seven services.

they want to shape the continent's future to. be part of enjoying african youngsters of testing share their stories their dreams and their challenges. the seventy seven percent of the platform for africa is charging. one can say there is something quite ideal about the location in surroundings of the city unfortunately.