UN court rejects Iran’s claim to £1.6bn assets frozen by US authorities

The verdict is read at the International Court of Justice in The Hague (AP Photo/Peter Dejong)

The United Nations’ top court has rejected Tehran’s legal bid to free up some 2.0 billion US dollars (£1.6 billion) in Iranian central bank assets frozen by US authorities.

The money is to be paid in compensation to victims of a 1983 bombing in Lebanon and other attacks linked to Iran.