running a payment chanel called instex by germany france and uk with iran

Transaction channel to fasilate trade with iran

German media reports that Germany, France and the UK have set up a payment channel with Iran called INSTEX, to help continue trade and circumvent US sanctions. The question is, how will Washington react? Several European countries have  registered a transaction channel with Iran in order to facilitate trade despite US sanctions, German public broadcaster NDR reported on Thursday 31 January