Iran Denies Holding South Korean Ship Hostage in Exchange for Frozen Funds

Iran Denies Holding South Korean Ship Hostage in Exchange for Frozen Funds
A picture shows the South Korean-flagged tanker being escorted by Iran's Revolutionary Guards navy after being seized in the Gulf. Tasnim News/AFP via Getty Images
Bill Pan
Bill Pan
Reporter
|Updated:

Iran said it wasn’t taking a South Korean oil tanker and its sailors as hostages, a day after its naval unit seized the vessel in the Gulf waters while demanding Seoul release billions of dollars in Iranian money frozen due to U.S. sanctions.

Iran’s Islamic Revolution Guards Corps on Monday intercepted and captured the MT Hankuk Chemi, a South Korean-flagged tanker, and detained its 20-member crew, citing “environmental and chemical pollution concerns.”