After more than two- and- half decades of suffering and enduring United States-led sanctions, Iran, one of the world’s top oil producers, is poised to rejuvenate its economy now that they can access an estimated 100 billion dollars of assets frozen since 1979 when students stormed and occupied the American Embassy in Teheran and held hostage American diplomats for 444 days following the fall of the U.S. supported Shah of Iran.
In a visit to Iran in 1989 to attend a conference on the Persian Gulf, I attended a press event where an American delegate asked an Iranian official if he could go inside the former U.S. Embassy compound which was already occupied by the Revolutionary Guards.
The Iranian official offered a deal: “We will let you visit the former U.S. Embassy compound if your government allowed us to have access to our assets in the United States.”
