Financial and Banking News
US to Return $451mn in Iranian Assets
The Iran-US Claims Tribunal sitting in The Hague has ordered the US to return assets worth $451.4mn to Iran. This is the second time the tribunal has ordered the return of the same assets. The first order - made in August 1986 - was rejected by the US on the grounds that to comply would be seen as trading for hostages. The second order, made on 4 May, specifically states that the return of the funds is...