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Iran Takes U.S. to International Court of Justice Over Funds Seized to Compensate Terror Victims

Rescue workers sift through the rubble of the U.S. Marine base in Beirut in Oct. 23, 1983 following a massive bomb blast that destroyed the base and killed 241 American servicemen. AP
Rescue workers sift through the rubble of the U.S. Marine base in Beirut in Oct. 23, 1983 following a massive bomb blast that destroyed the base and killed 241 American servicemen. AP

Iran told the United Nations’ highest court on Monday that Washington’s confiscation of some $2 billion in assets from Iranian state bank accounts to compensate bombing victims was an attempt to destabilize the Iranian government and a violation of international law.

In 2016, Tehran filed a suit at the International Court of Justice after the U.S. Supreme Court ruled money held in Iran’s central bank could be used to compensate the 241 victims of a 1983 bombing of a U.S. military base in Lebanon believed linked to Iran.

Hearings in the case opened Monday in the Hague-based court, starting with Iran’s arguments. The proceedings will continue with opening statements by Washington on Wednesday.

At stake are $1.75 billion in bonds, plus accumulated interest, belonging to the Iranian state but held in a Citibank account in New York.

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