Iran frees South Korean ship, captain after promise to help with frozen funds

Apr 9, 2021 | INVESTING

Iran released on Friday a South Korean ship and its captain detained since January after Seoul promised to try to secure the release of Tehran’s funds frozen in South Korean banks under US sanctions, an official said.Iranian authorities seized the chemical tanker in the Strait of Hormuz off Oman. They accused it of polluting the waters with chemicals.The issue triggered a diplomatic dispute after Iran demanded that South Korea release US$7 billion in funds frozen in South Korean banks under US…

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