World Court to rule on Iran-US frozen assets claim

30/3/2023 18:14

        Judges at the International Court of Justice (ICJ) in The Hague will on Thursday rule on a claim from Iran that Washington illegally allowed courts to freeze assets of Iranian companies.
        
        The ruling, set for 3 p.m. (1300 GMT), comes amid heightened tensions between the United States and Iran after tit-for-tat strikes between Iran-backed forces and U.S. personnel in Syria last week.
        
        Relations are also 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 case before the ICJ, also known as the World Court, was initially brought by Tehran against Washington in 2016 for allegedly breaching a 1955 friendship treaty by allowing U.S. courts to freeze assets of Iranian companies, including $1.75 billion from Iran's central bank. The money was to be given in compensation to victims of terrorist attacks.
        
        The U.S. has said the whole case should be dismissed because Iran has "unclean hands" and the asset seizures were the result of Tehran's alleged sponsoring of terrorism.