Now that Standard Chartered PLC's dispute with a New York regulator over allegedly illegal transactions with Iran is settled, some European companies are stepping into the rhetorical fray over U.S. regulations. The companies say that banks acting for them are refusing to handle legitimate trades with Iran for fear of falling afoul of U.S. regulatory authorities. They claim the situation has put them at a disadvantage to U.S. businesses whose trade with Tehran is soaring. Some firms on the European Continent say that the confusion over sanctions is having a negative impact on their admissible exports to Iran because overly cautious European banks don't know where they legally stand with the U.S. Meanwhile, they say, U.S. companies are enjoying growing sales to Tehran of goods not under sanctions, following the easing of the approval process for humanitarian exemptions. …… ….. http://online.wsj.com/article/SB10000872396390444233104577591311307733418.html?mod=wsj_streaming_stream