On 26 November, the Washington Post reported that an arbitration panel has ruled in favour of 2 Iranian banks in a financial dispute over the 2015 closing of a Bahraini financial institution accused of helping Iran skirt US and UN economic sanctions. A Hague-based tribunal ordered the government of Bahrain to pay more than $270 million in compensation for losses and legal fees stemming from its decision to close Future Bank. Future Bank was established in Bahrain in 2004 with the backing of Bank Melli and Bank Saderat, 2 of Iran’s largest financial institutions.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y