Title : Iran Demands South Korea Unfreeze $7BN In Assets Held Due To US Sanctions While Detaining A South Korean Tanker Crew
link : Iran Demands South Korea Unfreeze $7BN In Assets Held Due To US Sanctions While Detaining A South Korean Tanker Crew
Iran Demands South Korea Unfreeze $7BN In Assets Held Due To US Sanctions While Detaining A South Korean Tanker Crew
Iran on Tuesday accused South Korea of holding $7 billion of its funds "hostage" but stressed that Tehran's seizure of a Korean tanker in Gulf waters was not a tit-for-tat move.
The Islamic Revolutionary Guard Corps on Monday sent out naval speedboats to seize the Hankuk Chemi with 20 crew aboard, accusing it of "breaking maritime environmental law".
South Korea has demanded the release of the ship and dispatched its anti-piracy unit to the region.
"We are not hostage-takers," Iran's government spokesman Ali Rabiei told a press conference. "We are used to such allegations. But ... it is the government of Korea that has taken over $7 billion of ours hostage on baseless grounds".
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Update #1: South Korean tanker seized by Iran highlights $7bn dispute (Financial Times)
Update #2: Iran Demands South Korea Unfreeze $7BN In Assets While It Detains Tanker Crew (Zero Hedge)
WNU Editor: No one is believing this Iranian position .... Iran denies seized Korean ship and crew are being held as hostages (Reuters). In the meantime South Korea will be sending a delegation to Iran to demand the release of the crew and ship .... South Korea to send delegation after Iran seizes tanker (BBC), and South Korean anti-piracy forces have been deployed to the Middle East .... South Korean forces arrive in waters near strait of Hormuz amid Iran tensions (The Guardian).
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