Britain to settle debt with Iran?

Ben Kentish in the Independent, “. . . Britain owes Iran around £450m for a cancelled arms deal in the 1970s. The deal was made with the country’s then Shah, and would have seen 1,750 tanks and other vehicles sold by Britain to Iran. However, the Shah was toppled in the Islamic Revolution of 1979 and almost none of the vehicles were delivered. Britain kept the money, sparking a decades-long legal wrangle between the two countries. The UK has since agreed to pay back some of the debt, but says it is unable to transfer the money because of international sanctions on Iran . . . The Sun reported earlier this week that Mr Johnson and Philip Hammond, the Chancellor, have now authorised the payment to Iran to finally settle the dispute.”click here.