The World - News from May 15, 1987

The United States has returned to Iran $454 million in frozen assets in compliance with an order by a claims tribunal at The Hague, the official Iranian news agency IRNA said. The amount was transferred to the Iranian account at the Bank of England, one week after the claims tribunal told the United States to return the funds, IRNA said. The frozen assets were the bulk of what remained of $3.66 billion that Tehran deposited with the New York branch of the Federal Reserve Bank as part of the 1981 accord for the release of 52 Americans held hostage in Iran.