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Iran Releases South Korean Oil Tanker Seized Over Frozen Funds

Iran released a South Korean oil tanker that experienced been at the center of a dispute over punishing U.S. sanctions on Tehran, the similar 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. area time on Friday, South Korea’s International Ministry mentioned. Tehran initially seized the ship, along with its captain and 19 crew customers, for what it mentioned have been violations of environmental regulations.

South Korea paid $one hundred,000 for the launch of the ship—lower than Iran’s asking cost of $fourteen million, according to a Western formal briefed on the talks. The South Korean International Ministry did not reply to requests for comment.

Iran detained the Hankuk Chemi’s captain right until Friday. Some of the crew customers experienced been released earlier and went back again to South Korea, though others stayed on the ship for routine maintenance uses.

“The wellness of the crew and captain are sound. The ship’s cargo is also in great situation,” the South Korean International Ministry mentioned. A spokesman for Tehran’s International Ministry mentioned the ship was released “following the completion of investigations” of its alleged misconduct.