NO. 10


Financial and Banking News

Financial Issues

US Agrees to Pay Iran $278mn for Impounded Weapons

The US has agreed to pay Iran $278mn in compensation for military equipmentseized during the American hostage crisis. The settlement has been made throughthe Iran-US Claims Tribunal in The Hague, which was set up following thehostages' release. It is the largest payment to Iran which has gone through thetribunal, but several other large Iranian claims, and over a hundred...