Algiers Accords
Definition
The Algiers Accords were a set of agreements between the United States and Iran to resolve the Iran hostage crisis, which had begun in 1979. Under these accords, the US agreed to release Iranian assets frozen during the crisis and not interfere in Iran's internal affairs.
Analogy
Think of the Algiers Accords as a peace treaty after a long game of tug-of-war. Both sides have been pulling hard, but they're getting tired and want to end it. So, they agree on certain terms (like letting go of the rope) that will allow them both to walk away without any more conflict.
Related terms
Iran Hostage Crisis: This was a diplomatic standoff between the United States and Iran where 52 American diplomats and citizens were held hostage for 444 days from November 4, 1979, to January 20, 1981.
Frozen Assets: These are assets that are unavailable for use due to legal or regulatory restrictions. In this case, Iranian assets were frozen by U.S authorities during the hostage crisis.
Non-Interference Principle: This is an international law principle asserting that every nation has sovereign authority within its own territory and no other state may intervene in its domestic affairs.
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