April 5, 2023
1 min read

‘Historic defeat for US’: Iran on World Court ruling

The ICJ ruled that the US had “illegally allowed its courts to freeze Iranian companies’ assets” and ordered to pay compensation to Iran…reports Asian Lite News

Iran has said the recent ruling by the International Court of Justice (ICJ) against the US freezing of Iran’s assets was a “historic defeat” for Washington.

The ICJ ruling confirmed Iran’s legitimacy on the issue, semi-official Tasnim news agency quoted Iranian government spokesman Ali Bahadori Jahromi as saying at a weekly press conference on Tuesday.

US sanctions key actors in Iran ballistic missile programme

On March 30, the ICJ ruled that the US had “illegally allowed its courts to freeze Iranian companies’ assets” and ordered Washington to pay compensation to Iran, the amount of which will be determined later, Xinhua news agency reported.

During the press conference on Tuesday, Jahromi also accused the US of being accustomed to violating international laws.

In 2016, the US Supreme Court ruled that the Iranian assets of close to $two billion frozen in the US must be paid to American families of the victims of the bombing of a US Marine Corps barracks in Beirut in 1983 as well as other attacks blamed on Iran.

Tehran has repeatedly and vigorously rejected all claims about its involvement in the Beirut bombing and other similar allegations.

The case before the ICJ was initially brought by Tehran in 2016 against the US breach of a 1955 friendship treaty by allowing its courts to freeze Iranian companies’ assets.

Washington pulled out of the treaty in 2018. However, the ICJ ruled that the accord was in place at the time of the Iranian assets’ freezing.

ALSO READ: ‘Yoghurt attack’ in Iran for not wearing hijab

Previous Story

Qatar sets up digital platform for foreign investors

Next Story

India needs greater VVIP accountability, not less

Latest from -Top News

AU Backs New UN Libya Roadmap

The Roadmap seeks to resolve the Libyan crisis through a political process centred on institutional unification…reports Asian Lite News The Chairperson of the African Union Commission (AUC), H.E. Mahmoud Ali Youssouf, has

Sudan Feels Impact of GERD

The GERD project remains a point of contention among Nile Basin countries….reports Asian Lite News Water levels in Sudan’s Blue Nile have fallen to record lows following Ethiopia’s announcement that it has

UNESCO sounds alarm on teacher gap

Amina Mohammed proposed a five-point plan to strengthen the profession through greater investment, gender equality, support for digital learning…reports Asian Lite News At the UNESCO World Summit on Teachers in Santiago, Chile,

Modi Ends China Trip, US Hails India Ties

US termed India-US ties as a “defining relationship of the 21st century”, stating that partnership between both countries continues to reach new heights….reports Asian Lite News Shortly after videos and images of
Go toTop

Don't Miss

Judge says Trump won’t give own closing argument  

Judge Arthur Engoron nixed Trump’s unusual plan on Wednesday, a

Iran sanctions 10 US officials, 4 institutions

The sanctions will prohibit the targeted individuals from obtaining visas