The International Court of Justice in The Hague has said the US broke international law in freezing some Iranian assets but rejected a larger claim relating to funds from Iran's central bank.
In a ruling on Thursday, it demanded compensation from Washington after Tehran claimed the US had breached a 1995 friendship treaty by freezing some Iranian assets, including more than $2 billion from state bank accounts.
The total amount of compensation will be subject to negotiations, the ICJ said, and may result in another case at The Hague if an agreement cannot be reached.
However, the ICJ said it did not have jurisdiction, based on the 1955 Treaty of Amity, over a larger Iranian claim linked to its central bank.
The main body of the case focused on Bank Markazi and its frozen assets of $1.75 billion in bonds, plus accumulated interest, that are held in a Citibank account in New York.
In 2016, the US Supreme Court ruled money held in its central bank could be used to compensate victims of the 1983 bombing of a US military base in Lebanon believed to be linked to Iran.
Tehran brought the case to the ICJ the same year, claiming it was an attempt to destabilise the government.
More than 300 people were killed, including 241 Americans, in the bombing.
While Iran has long denied involvement, a US District Court judge in 2003 found Tehran responsible.
The specs
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Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
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Price: From Dh330,000 (estimate)
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
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Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
SPECS
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
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The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Transmission: 8-speed auto
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
