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Iran's Oil Company Alleges New Evidence in Crescent Dispute

Guavy AI Editorial Team
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Oil
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Iran's oil company has alleged further grounds of challenge in its case against Crescent. The Iranian Oil Bourse (IOB) filed an objection to a potential ruling by the International Centre for Settlement of Investment Disputes (ICSID), citing new evidence that could impact the outcome. The IOB is pursuing claims against Crescent, which it alleges wrongfully seized its assets.

The dispute has been ongoing for some time, with multiple claims and counter-claims filed by both parties. This latest development suggests that the case may not be resolved anytime soon.

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