You are currently viewing World court to rule on Iran’s billions frozen in US
World court to rule on Irans billions frozen in US

World court to rule on Iran’s billions frozen in US

  • Post author:
  • Post category:World

THE HAGUE: The International Court of Justice will on Wednesday give its decision on a bid by Iran to recover $2 billion in frozen assets that the United States says must be paid to victims of attacks blamed on Tehran.

The case threatens to cause further bad blood after a decision in October when the Hague-based tribunal ordered Washington to lift nuclear-related sanctions on humanitarian goods for Iran.

Tensions between Tehran and Washington are already high around the 40th anniversary of the Iranian revolution and a Middle East meeting in Warsaw where the United States aims to pile pressure on Iran.

The US Supreme Court ruled in 2016 that Iran must give the cash to survivors and relatives of victims of attacks blamed on Tehran, including the 1983 bombing of a US Marine barracks in Beirut.

Iran said the US decision to freeze the funds breached 1955 Treaty of Amity with the United States, an agreement signed before Iran’s 1979 Islamic Revolution severed relations between the countries.

The United States announced after the sanctions case that it was immediately pulling out of the Treaty of Amity.

 

 

app

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.