Iran’s empty court victory

The International Court of Justice ruled that the US should ease sanctions on Iran, says Alex Rankine. But the judgement is unlikely to change White House policy.

916-Rouhani-634

Iran's president Hassan Rouhani
(Image credit: 2018 Getty Images)

The International Court of Justice (ICJ) has ruled that the US should ease sanctions on Iran, but the judgement is unlikely to change White House policy. The Trump administration reimposed sanctions in August, citing dissatisfaction with alleged covert Iranian activities in the Middle East, in a rejection of the 2015 nuclear deal under which Iran agreed to limit its nuclear activities in exchange for the lifting of previous sanctions.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.