Iran’s 40-Year Old Financial Dispute with Britain. A Hostage for the Money

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High Court Ruling in London

Global Research, July 30, 2019
IranWire 26 July 2019

ruling by the high court in London has just made relations between Britain and the Islamic Republic of Iran more complicated, increasing friction at an already tense time.

The court ruled this week that the International Military Services (IMS) does not have to pay Iran interest on the prepayment for the purchase of hundreds of Chieftain tanks that were ordered by the Shah’s government but were not delivered as a result of the 1979 Islamic Revolution. The Shah had ordered 1,750 tanks and support vehicles for £650m from the IMS, but only 185 were deliveredEver since, the Islamic Republic has demanded the money back.

The International Chamber of Commerce sided with Tehran in an arbitration that concluded in 2009. The dispute was thought to have been settled in 2010 and…

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