WALTER SMITH

WALTER SMITH

Throughout the 2016 presidential campaign, president elect Donald Trump was constant and vicious in his criticism of Barack Obama and his administration. He vowed to dismantle “Obama Care” and everything Obama decreed by executive order. High on his list of reversals was the Iran deal which was signed by the governments of Britain, France, Russia, China, the US and Germany. The deal, Obama said, “has stopped the spread of nuclear weapons in this region and has the full backing of the international community.” The “deal” carried a promise to release sanctions against Iran and to return funds held by the US as a result of the asset freeze in 1979.

Trump campaigners called the release of funds a ransom and a giveaway to the Iranians.

The facts are:

In November 1979, Iran’s revolutionary government took 52 Americans hostages at the U.S. embassy, and the U.S. severed diplomatic relations with Tehran. In retaliation, Washington froze $12 billion in Iranian assets held on our shores. The hostage crisis was resolved in 1981 at a conference in Algiers, and the U.S. returned $3 billion to Iran, with more funds going either to pay creditors, or into escrow. The two nations also established a tribunal in the Hague called the Iran United States Claims Tribunal to settle claims both leveled by each government against the other, U.S. citizens versus Iran, and vice versa. The major issue between the two governments was a $400 million payment for military equipment made by the government of the Shah of Iran, prior to the 1979 uprising that topped him. The U.S. banned delivery of the jets and other weapons amid the hostage crisis, but froze the $400 million advance payment.

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