Iran opened a lawsuit today demanding the UN's top court order the suspension of renewed US sanctions which it says are devastating its economy.
The Islamic Republic says US President Donald Trump's decision to reimpose sanctions over its nuclear programme aim to bring it "to its knees" and are in breach of a 1955 treaty.
Sanctions had been lifted under a 2015 multilateral agreement in return for Iran committing not to pursue nuclear weapons. But Trump reimposed unilateral sanctions three weeks ago. He said they were needed to ensure Iran never builds a nuclear bomb.
A second wave of punitive measures are due to hit Iran in early November, targeting its vital energy sector including oil exports.
Judges at the International Court of Justice in the Hague opened hearings with the Islamic Republic's lawyers due to make their opening arguments.
The US measures have added to Iran's economic woes, helping to fuel strikes and protests from across the country and political spectrum. In the latest blow, Iran's parliament impeached Economy Minister Masoud Karbasian yesterday.
Tehran filed its case before the ICJ in late July, calling on the Hague-based tribunal's judges to order the immediate lifting of sanctions pending a definitive ruling.
It said the sanctions would cause it "irreparable prejudice". It argues they breach the 1955 Treaty of Amity and Economic Relations between Iran and the United States.
"The current US Administration is pushing the sanctions to their maximum with the sole aim of bringing Iran to its knees," Iran's lawyers said in the court filing.
"The USA is besieging Iran economically, with all the dramatic consequences that a siege implies for the besieged population." - 'One-sided deal' -
Trump said the sanctions would turn up the financial pressure on Tehran to come to a "comprehensive and lasting solution" regarding its activities such as its "ballistic missile programme and its support for terrorism."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
