World Court Rules U.S. Illegally Froze Some Iranian Assets, Orders Compensation

In a victory for Iran, judges at the International Court of Justice (ICE) on Thursday ruled Washington had illegally allowed courts to freeze assets of some Iranian companies and ordered the United States to pay compensation, the amount of which will be determined later.

However, the World Court said it did not have jurisdiction over $1.75 billion in frozen assets from Iran’s central bank.

In a reaction shared by Iran’s foreign ministry on its Telegram channel it hailed the decision as “highlighting the legitimacy” of its positions and “expressing the wrongful behavior of the United States”.

Source: Reuters