AIRLINK 76.40 Decreased By ▼ -3.60 (-4.5%)
BOP 5.18 No Change ▼ 0.00 (0%)
CNERGY 4.47 Increased By ▲ 0.01 (0.22%)
DFML 35.10 Decreased By ▼ -0.06 (-0.17%)
DGKC 77.51 Increased By ▲ 0.63 (0.82%)
FCCL 20.23 Increased By ▲ 0.25 (1.25%)
FFBL 36.35 Increased By ▲ 0.75 (2.11%)
FFL 9.61 Increased By ▲ 0.08 (0.84%)
GGL 10.01 Decreased By ▼ -0.15 (-1.48%)
HBL 117.25 Increased By ▲ 0.25 (0.21%)
HUBC 132.98 Increased By ▲ 0.48 (0.36%)
HUMNL 7.01 Decreased By ▼ -0.05 (-0.71%)
KEL 4.56 Decreased By ▼ -0.09 (-1.94%)
KOSM 4.51 Decreased By ▼ -0.14 (-3.01%)
MLCF 37.20 Decreased By ▼ -0.30 (-0.8%)
OGDC 135.94 Increased By ▲ 1.47 (1.09%)
PAEL 23.38 Increased By ▲ 0.48 (2.1%)
PIAA 26.78 Increased By ▲ 0.15 (0.56%)
PIBTL 6.84 Increased By ▲ 0.03 (0.44%)
PPL 117.10 Increased By ▲ 5.00 (4.46%)
PRL 27.62 Increased By ▲ 0.42 (1.54%)
PTC 14.45 Increased By ▲ 0.07 (0.49%)
SEARL 56.11 Decreased By ▼ -0.28 (-0.5%)
SNGP 69.21 Increased By ▲ 2.21 (3.3%)
SSGC 10.90 Increased By ▲ 0.07 (0.65%)
TELE 9.23 Decreased By ▼ -0.06 (-0.65%)
TPLP 11.04 Decreased By ▼ -0.14 (-1.25%)
TRG 67.60 Decreased By ▼ -1.40 (-2.03%)
UNITY 25.30 Decreased By ▼ -0.19 (-0.75%)
WTL 1.32 No Change ▼ 0.00 (0%)
BR100 7,570 Increased By 48.3 (0.64%)
BR30 24,650 Increased By 248.3 (1.02%)
KSE100 72,029 Increased By 334.4 (0.47%)
KSE30 23,693 Increased By 151.3 (0.64%)

THE HAGUE: Iran on Monday told judges at the International Court of Justice in The Hague that the United States had created an “industry of litigation” against Tehran in breach of international law.

Lawyers for Iran, which brought its case to the ICJ in 2016, accused Washington of having breached a 1955 friendship treaty by allowing American courts to confiscate assets from Iranian companies, including $1.75 billion from Iran’s central bank.

This was done to award damages to victims of what the United States said were terrorist attacks sponsored by Iran. The Islamic Republic denies supporting terrorism.

The 1950s friendship treaty was signed long before Iran’s 1979 Islamic Revolution, which toppled the US-backed shah, and the subsequent severing of US-Iranian relations.

Iran slams ‘destructive’ US sanctions targeting oil trade

After Iran filed two claims based on the 1955 treaty - which accords the ICJ jurisdiction - Washington formally withdrew from the accord in 2018.

The United States will plead its side of the case on Wednesday. In earlier hearings, lawyers for Washington argued that the court should throw out Iran’s claims because Tehran itself had violated the 1950s treaty by allegedly sponsoring international terrorism. The ICJ, also known as the World Court, is the United Nations’ top court dealing with disputes between states. Its rulings are binding, though the ICJ has no power to enforce them, and the United States and Iran are among a handful of countries to have disregarded its decisions.

Comments

Comments are closed.