Iran Releases South Korean Oil Tanker Seized Over Frozen Funds

Iran unveiled a South Korean oil tanker that experienced been at the heart of a

Iran unveiled a South Korean oil tanker that experienced been at the heart of a dispute around punishing U.S. sanctions on Tehran, the similar day Western and Iranian officers agreed to keep on talks aimed at reviving the embattled 2015 nuclear accord.

The Hankuk Chemi, a South Korean-flagged ship that Iran impounded in January, left an Iranian port at five:fifty a.m. community time on Friday, South Korea’s Foreign Ministry claimed. Tehran at first seized the ship, together with its captain and 19 crew members, for what it claimed were being violations of environmental rules.

South Korea compensated $a hundred,000 for the release of the ship—lower than Iran’s inquiring price of $fourteen million, in accordance to a Western formal briefed on the talks. The South Korean Foreign Ministry didn’t reply to requests for comment.

Iran detained the Hankuk Chemi’s captain till Friday. Some of the crew members experienced been unveiled earlier and went back again to South Korea, while other folks stayed on the ship for servicing needs.

“The wellbeing of the crew and captain are seem. The ship’s cargo is also in fantastic issue,” the South Korean Foreign Ministry claimed. A spokesman for Tehran’s Foreign Ministry claimed the ship was unveiled “following the completion of investigations” of its alleged misconduct.