Financial and Banking News
Loans & Issues
US Pays $200mn to Settle Iranian Military Claim
The US has agreed to pay $200mn to compensate Iran for undelivered militarysupplies ordered before the revolution. The claim was agreed on 21 September atthe US-Iranian tribunal in The Hague which is considering all claims betweenthe two countries. The $200mn settlement is part of a $12bn dispute overmilitary supplies. The $200mn will be paid into an escrow account...