Tens of billions of dollars’ worth of Iranian assets remain stuck in US banks, with the vast majority of the funds trapped there in the aftermath of the Iranian Revolution of 1979. US courts have sought to whittle away at these funds over the years, with Iran doing everything in its power to get its money back.
The Iran-United States Claims Tribunal (IUSCT) has reportedly ordered Washington to pay $37 million to Tehran after determining that US Treasury regulations prevented or delayed the transfer of Iranian assets back to Iran, in violation of the 1981 Algiers Accords.
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