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Showing posts from June 13, 2025

Iran Israel Pipeline Debt

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Hmm. Iran is repaying Israel now. ChatGPT said: It seems like you're referring to the long-standing legal dispute over a pipeline debt—not a military or political "repayment." Here's what’s actually happening: 💰 The Iran–Israel Pipeline Debt Saga Background Back in 1968, Iran (then under the Shah) and Israel jointly created the Iran–Eilat–Ashkelon oil pipeline. After the 1979 Iranian Revolution, Iran cut diplomatic ties with Israel—but during the chaos, about 800,000 tons of Iranian oil remained in the pipeline, unpaid—now worth roughly $400 million theguardian.com +6 vice.com +6 reuters.com +6 . Legal Repercussions For decades, Iran tried to recover the value. In 2004 it sued the Eilat-Ashkelon Pipeline Co. in Swiss arbitration. In 2013 , a Swiss court ruled that Israel must pay, including damages and procedural costs (~US$250K just in fees), though full sheer payment hasn't happened vice.com . Today's Status Israeli pipeline offi...