Iran Releases South Korean Oil Tanker Seized Over Frozen Funds

Iran launched a South Korean oil tanker that experienced been at the center of a dispute more than punishing U.S. sanctions on Tehran, the exact working day Western and Iranian officials agreed to go 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:50 a.m. regional time on Friday, South Korea’s Overseas Ministry mentioned. Tehran at first seized the ship, together with its captain and 19 crew members, for what it mentioned were being violations of environmental guidelines.

South Korea compensated $100,000 for the launch of the ship—lower than Iran’s inquiring value of $fourteen million, in accordance to a Western official briefed on the talks. The South Korean Overseas Ministry did not reply to requests for remark.

Iran detained the Hankuk Chemi’s captain till Friday. Some of the crew members experienced been launched previously and went back again to South Korea, although other people stayed on the ship for servicing reasons.

“The wellbeing of the crew and captain are seem. The ship’s cargo is also in very good affliction,” the South Korean Overseas Ministry mentioned. A spokesman for Tehran’s Overseas Ministry mentioned the ship was launched “following the completion of investigations” of its alleged misconduct.