AP FACT CHECK: Trump Off Base on Clinton and Iran Payment
In the late 1970s the Iranian government, under the U.S.-backed shah, paid the United States $400 million for military equipment. The equipment was never delivered because in 1979, his government was overthrown, revolutionaries took American hostages at the U.S. Embassy in Tehran, and diplomatic relations between the United States and Iran were severed.
In 1981, the United States and Iran agreed to set up a commission at The Hague that would rule on claims by each country for property and assets held by the other. Iran’s claim for return of the equipment payment was among many that had been tied up in litigation before the Iran-U.S. Claims Tribunal, and interest the U.S. owed for holding the money for so long was growing.
Litigation over these claims has continued intermittently for 35 years, with some being settled and others going to the tribunal for judgment. All private U.S. claims before the tribunal have been resolved, with Iran paying more than $2.5 billion to American people and businesses. Some claims remain unresolved.
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