Israel ordered to pay Iran $1.1 billion: Report
An Israeli oil company has been ordered by a Swiss court to pay $1.1 billion to Iran in compensation in a long-standing legal battle related to a joint venture before the Islamic Revolution, the IRNA news agency says. Citing an "informed source" at Iran's Presidential Center for Legal Affairs, IRNA said the ruling relates to the Israeli company's sale of Iranian oil and withholding the money. Iran has been conducting three arbitration suits against Israel at French and Swiss courts in a legal tussle estimated worth several billion dollars. ...
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