Friday August 12, 2016

I've Been Thinking:

The World Court has ordered Israel to pay Iran $1.1 billion plus interest and lawyer's fees.

The decision came about as the result of an oil company created jointly by Israel and Iran in 1968. The company was created after the 1967 War during which Egypt closed the Suez Canal. Israel needed to get oil and so they created a corporation with Iran who provided the oil.

But then, eleven years later, after the Iranian Revolution of 1979, it all fell apart. And when it fell apart Israel took control of the corporation.

Now that the court has ruled (although the ruling is dated June 27) it is unlikely that Israel will pay up.

It is against Israeli law to send any money or support to Iran.
Israel cannot and will not hand over any money to Iran.

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