An Israeli oil company has been ordered by a Swiss court to pay $1.1 billion to Iran in compensation in a long-standing legal battle related to a joint venture before the Islamic Revolution, the IRNA news agency says. Citing an informed source at Irans Presidential Center for Legal Affairs, IRNA said the ruling relates to the Israeli companys sale ...

[caption id="attachment_135900" align="alignright" width="161"] Oil spill at Evrona Nature Reserve[/caption] Israel may have to pay Iran as much as $100 million after a Swiss arbitration panel ruled that the Islamic Republic deserved to be compensated for the loss of its stake in a joint pipeline after its 1979 revolution, The Marker has learned. The ...