If this article is correct, the payment was $1.3 billion (apparently in
foreign currency btw, something I didn't know before I read this) of which $400M was up front and the rest was paid over 19 days (because it is hard even for the US government to get its hands on $1.3B in foreign currency overnight.
Iran had paid us $400M for fighter planes just before the coup. After the coup, the planes obviously didn't get sent over, and we held on to the cash. It's been in international courts since then.
Apparently Iran had a creditable claim for something like $10B for interest since this goes way back to 1979. This was a case US experts expected us to lose in court; the only question was how much in damages (and the $400M was always undisputed.) Getting them to dismiss their claim for a mere $900M in interest was actually a bit of a (you will pardon the expression) coup.
Part of the treaty negotiations were the termination of sanctions, and with sanctions terminated there was no viable claim for retention of the money.
anyhow, for a concise review of the case, see the attached.
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In response to this post by Hoodafan)
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Posted: 01/27/2020 at 7:42PM