(Worthy News) - The U.S. transferred a total of $1.7 billion in cash to Iran in order to settle a long-running dispute over a failed 1979 arms deal, according to a report in the Wall Street Journal.
The WSJ said late Tuesday that U.S. President Barack Obama's administration sent $400 million in cash to Iran in January, with two more subsequent shipments of similar amounts, totaling another $1.3 billion, according to congressional officials briefed by the U.S. State, Treasury and Justice departments.
"The cash payments — made in Swiss francs, euros and other currencies— settled a decades-old dispute over a failed arms deal dating back to 1979," the WSJ reported. [ Source ]
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