London Daily

Focus on the big picture.
Saturday, Jun 27, 2026

UK looking at ways to pay historic Iranian debt, foreign secretary says

UK looking at ways to pay historic Iranian debt, foreign secretary says

Britain is looking at ways to pay a historic 400 million pound ($522 million) debt to Iran, Foreign Secretary Liz Truss said on Wednesday, adding that she would not say if it had been settled already.
Iranian state media in 2021 cited unidentified Iranian officials as saying that the British-Iranian aid worker Nazanin Zaghari-Ratcliffe would be freed once the debt had been paid.

Truss was asked by Sky News if Zaghari-Ratcliffe was going to be able to return to London soon. She said she had made her case a priority, and added that she had also made repaying the Iranian debt a priority.

"We have been clear this is a legitimate debt that we do owe Iran and we have been seeking ways to pay it," Truss said. She added that there was a British team in Iran but would not give any further details.

Iran's clerical rulers say Britain owes the money that Iran's Shah paid up front for 1,750 Chieftain tanks and other vehicles, almost none of which were eventually delivered after the Islamic Revolution of 1979 toppled the U.S.-backed leader.

The British and Iranian governments say there is no connection between the debt and the legal case.

Zaghari-Ratcliffe, a project manager with the Thomson Reuters Foundation, was arrested at a Tehran airport in April 2016 and later convicted by an Iranian court of plotting to overthrow the clerical establishment.

Her family and the foundation, a charity that operates independently of Thomson Reuters and its news subsidiary Reuters, deny the charge.
Her family and the foundation on Tuesday declined to comment on a tweet by British lawmaker Tulip Siddiq that Zaghari-Ratcliffe had had her passport returned, increasing hopes that she would be released.

Zaghari-Ratcliffe, who served most of her first sentence in Tehran's Evin prison, was released in March 2020 during the coronavirus pandemic and kept under house arrest at her parents' home in Tehran. In March 2021, she was released from house arrest but she was summoned to court again on the new charge.

In April 2021, she was then sentenced to a new term in jail on charges of propaganda against Iran's ruling system, charges she denies. However that sentence has not yet started and she is banned from leaving the country.

($1 = 0.7662 pounds)
Newsletter

Related Articles

0:00
0:00
Close
London Ambulance Service Sees Record Emergency Demand as Heatwave Intensifies
British Chambers of Commerce Warns of Prolonged Weak Investment Climate Through 2027
Bank of England Holds Interest Rates as Inflation Risks Persist
UK Construction Sector Faces One Percent Contraction Amid Cost and Investment Pressures
Former DUP Leader Sir Jeffrey Donaldson Convicted of Sexual Offences
Church of England Appoints Dr Linsay Cunningham to Lead Faith and Public Life Division
UK Armed Forces Day Marked Nationwide With Events From Aberdeen to the Scilly Isles
Rising Tensions in Edinburgh Prompt Joint Warning From Scottish Local Government Leaders
UK Construction Sector Forecast to Contract One Percent in 2026 on Cost Pressures
UK Parliament Backs 87 Percent Emissions Cut as Government Deepens Electrification Drive
British Chambers of Commerce Forecast Weak UK Growth as Investment and Demand Slow
Bank of England Holds Interest Rates at 3.75 Percent Amid Energy and Inflation Uncertainty
London Ambulance Service Reports Record Surge in Life-Threatening Emergency Calls During Heatwave
UK Parliament Approves Legally Binding 87 Percent Emissions Cut Target by 2040
United Kingdom Records Third Consecutive Day of Record June Heat as Europe Faces Worsening Heatwave
Robert Jenrick Defends £5 Million Donation to Nigel Farage Amid Political Scrutiny
Plymouth Museum The Box Wins 2026 Art Fund Museum of the Year Award
UK Government Faces Backlash Over Plans to Use Former Military Sites for Asylum Accommodation
Labour Party Faces Pressure Over Cabinet Stability as Senior Figures Clash on Policy Direction
Heathrow Airport Forecasts Passenger Decline in 2026 as Costs and Climate Disruption Mount
UK Energy Regulator Approves Expansion of Long-Duration Storage to Boost Power System Resilience
Crown Estate Reports Third Consecutive Year of £1 Billion Profit as Debate Over Royal Finances Intensifies
Teenager Charged With Murder in Wales Following Death of 14-Year-Old Boy
Nottingham University Hospitals Maternity Failures Trigger Calls for Public Inquiry Into Patient Safety
EasyJet Rejects £4.9 Billion Takeover Offer From Castlelake but Keeps Door Open for Further Talks
Record Heatwave Triggers UK Transport and Infrastructure Strain as Heathrow Revises Passenger Forecast Downward
Ofgem Approves Sixteen Long-Duration Energy Storage Projects to Strengthen UK Grid Stability
Labour Government Faces Internal Tensions Over Cabinet Decisions and Net Zero Policy Direction
British Food and Drink Exports Fall to Decade Low Amid Trade Friction and US Tariffs
Great Britain Grid Operator Spends £10 Million to Stabilize Electricity Supply During Heatwave Demand Surge
UK Parliament Committee Calls for Urgent National Adaptation Strategy as Extreme Heat Strains Public Infrastructure
Record-Breaking Heatwave Pushes England’s National Health Service to Critical Incident Status as Hospitals Struggle With Surge in Emergencies
UK Government Launches Review of Voluntary National Insurance Contributions System
UK Planning Inspectorate Reports Key Infrastructure and Planning Milestones in Annual Review
UK Government Reviews Travel Expense Reimbursement Rates for Employers and Employees
Civil Nuclear Constabulary Launches National Digital Memorial for Officers Killed in Service
UK and US Expand Collaboration on Nuclear Fusion Research and Workforce Exchange
Environment Agency Secures £275,000 Enforcement Deal with Anglian Water Over Permit Breaches
Independent Inspector Flags Ongoing Failures in UK Home Office Border Case Management
UK Government Considers Zero VAT Rate on Land for Social Housing Development
Bank of England Reports Sharp Drop in Emissions and Warns on Climate-Driven Financial Risk
Consumer Confidence in the UK Falls at Fastest Quarterly Rate Since 2022
UK Borrowing Costs Rise Sharply on Gilt Markets Amid Fiscal and Political Concerns
UK Government Plans Legislation to Bring British Steel into Public Ownership
UK Government Secures £210 Million Nuclear Fuel Deal to Support Ukraine Energy Security
London Ambulance Service Reports Record Emergency Call Volume Amid Severe Heatwave
United Kingdom Faces Record June Heatwave as Temperatures Hit 36.7°C in Somerset
UK Financial Services Reform Debate Intensifies Over Ministerial Regulatory Powers
UK Energy Price Cap Rise Expected to Keep Inflation Above Target Through 2026
UK Biohacking and AI Wellness Trends Drive Surge in Personal Health Monitoring
×