The Great Satan Pays Up

Even as Tehran's revolutionary leaders fulminated against the Great Satan last week, they got some good news from Washington: the U.S. Supreme Court unanimously upheld Jimmy Carter's right to terminate American suits against Iran and to nullify attachments against Iranian assets, as part of the controversial deal that won freedom for the 52 hostages.

The way was thus cleared for the release of $2.3 billion in Iranian assets still held in U.S. banks—the last of the estimated $12 billion that Carter had frozen during the hostage crisis. Of the newly freed assets, $1.3 billion will now return to Iran. The remaining $1...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!