Iran releases South Korean tanker seized in January

Iran releases South Korean tanker seized in January

The Guardian

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Unclear whether deal reached to release billions in oil revenue frozen because of US sanctions

Iran has released a South Korean ship that was seized in January after the conclusion of an investigation and at the request of Seoul’s government, the Iranian foreign ministry has said.

There was no immediate sign that a parallel three-way agreement had been reached between Seoul, Tehran and Washington to release as much as $7bn (£5.1bn) in Iranian assets that had been frozen in South Korean bank accounts because of US sanctions.

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