By: Mir M.Hosseini
The United States freezes Iranian assets in the US based on the decision by President Jimmy Carter entering the two countries into a long-term period of hostilities. Anti-American sentiments in Iran fueled in part by close ties between the U.S. and the unpopular leader Mohammad Reza Shah. Shah fled the country in 1979. When the monarch entered the U.S. for medical treatment, a group of militants calling themselves; Students in Imam's path, stormed the U.S. embassy in Tehran and seized 66 Americans.
Shah's extradition to Iran was demanded, but Jimmy Carter refused and froze all Iranian assets in the U.S. The Iranians released 13 women and African Americans on Nov, 1979, and another hostage was released in July 1980. A rescue attempt in April 1980 failed. Negotiations for the hostages' return began after the Shah died in July 1980, but the remaining 52 hostages were kept in captivity until Jan. 20, 1981, after 444 days when they were released moments after the inauguration of Ronald Reagan. The crisis contributed to Carter's failure to win reelection.