In a partial victory for Iran, judges at the ICJ on Thursday ruled Washington had illegally allowed courts to freeze assets of Iranian companies and ordered the US to pay compensation, the amount of which will be determined later.
Image: UN PhotoIn a partial victory for Iran, judgesallowed courts to freeze assets of Iranian companiesHowever, in a blow for Tehran, the World Court said it did not have jurisdiction over $1.75 billion in frozen assets from Iran’s central bank, by far the largest amount claimed back by Iran.
The ruling comes amid heightened tensions between the United States and Iran after tit-for-tat strikes between Iran-backed forces and US personnel in Syria last week.strained after attempts to revive a 2015 nuclear deal between Iran and major world powers stalled, and as Iranian drones are being used by Russia against Ukraine.
“The court has concluded the United States violated its obligations under the treaty of amity,” presiding judges Kirill Gevorgian said. He added that Iran was entitled to compensation and the parties had 24 months to agree on a figure and if that did not work, the court would start new proceedings to determine the amount to be paid.
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