The Trans-Asiatic Oil Company, which is controlled by Israel, lost its appeal of the arbitration decision that obligates it to pay back a debt of $1.2 billion to Irans national oil company. The Swiss Supreme Court in Lausanne ruled on June 27 that Trans-Asiatic must pay the Iranians 250,000 Swiss francs (about 1 million shekels, or $260,000) of the ...