Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: MONDAY, May 14, 1990 TAG: 9005140221 SECTION: NATIONAL/INTERNATIONAL PAGE: A6 EDITION: EVENING SOURCE: DATELINE: THE HAGUE, NETHERLANDS LENGTH: Short
The settlement deals primarily with so-called "Small Claims" for under $250,000 that stem from the 1979 Islamic revolution, said the official, speaking on condition of anonymity.
It clears the way for the Iran-United States Claims Tribunal to deal with about $16 billion in major claims, whose resolution in turn could open the way to normalizing economic ties between the two nations, the official said.
The settlement accord was signed late Sunday night or early this morning by Timothy Ramish, U.S. agent to the tribunal, and Iranian Agent Ali Nobari, according to the American official at the tribunal.
The most recent settlement talks between U.S. and Iranian officials occurred shortly after the release of American hostages Frank Reed and Robert Polhill by pro-Iranian kidnappers in Lebanon.
- Associated Press
by CNB