The International Court of Justice (ICJ) will rule on Iran’s lawsuit against the United States on October 3.

A public meeting will be held in the morning at the Peace Palace in The Hague, during which Judge Abdulqawi Ahmed Yusuf, president of the court, will read the court order.

Iran filed a lawsuit filed with the ICJ, also known as the World Court, saying the US sanctions, which are damaging its economy, violate terms of a little-known 1955 Treaty of Amity between the two countries, Mehr News Agency reported.

The ICJ is the United Nations tribunal for resolving international disputes. Its rulings are binding, but it has no power to enforce them and on rare occasions they have been ignored by some countries, including the United States.

The ICJ has so far ruled that the 1955 treaty is still valid, even though it was signed long before the 1979 Islamic Revolution that triggered decades of hostile relations with Washington, CNBC reported.

US President Donald Trump pulled out of a 2015 pact between Iran and major world powers under which sanctions were lifted in return for Tehran accepting curbs on its nuclear program. The Trump administration then announced unilateral plans to restore sanctions against Tehran.

Although Washington’s European allies protested against Trump’s move, most western companies intend to adhere to the sanctions, preferring to lose business in Iran than be punished by the United States or barred from doing business there.

Source: FINANCIAL TRIBUNE