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Iran tells South Korea not to politicize seized vessel, demands release of funds

Iran said on Sunday that South Korea should avoid politicizing the seizure of its vessel by Iranian Revolutionary Guards in the Arabian Gulf, Iranian state media reported, while pressing Seoul to release $7 billion in funds frozen amid US sanctions.
South Korea’s vice foreign minister, Choi Jong-kun, arrived in Tehran on Sunday to discuss the release of the South Korean-flagged MT Hankuk Chemi, which was seized by the Guards on Monday near the strategic Strait of Hormuz.
Iran has denied allegations that the seizure of the tanker and its 20-member crew amounted to hostage taking, and said it was Seoul that was holding Iran’s funds “hostage.”
Iran’s deputy Foreign Minister Abbas Araqchi told South Korea’s Choi that Seoul “should refrain from politicizing the issue and fruitless propaganda and allow the legal proceedings to proceed,” Iran’s state TV reported.
Iran’s government spokesman said on Tuesday the vessel was seized based on an Iranian court order for “environmental pollution.”
However, the ship’s Busan-based operator, Taikun Shipping Co. Ltd., told Reuters there was nothing to indicate before the seizure of the vessel that Iranian authorities were probing possible violations of environmental rules.
“For about two and a half years, South Korean banks have frozen Iran’s funds ... it is not acceptable ... In our view, this is more because of Seoul’s lack of political will (to resolve the issue) than the US sanctions,” the semi-official Fars news agency quoted Araqchi as saying.
https://twitter.com/AuroraIntel/status/1346064045879808002
The United States re-imposed sanctions on Iran in 2018 after President Donald Trump withdrew Washington from Tehran’s 2015 nuclear deal with six major powers. Under that deal, Iran had agreed to curb its nuclear work in exchange for the lifting of sanctions.
Iran has retaliated by bypassing the restrictions of the deal step by step. In a move that could complicate efforts by US President-elect Joe Biden to rejoin the deal, Tehran said on Monday it had resumed 20 percent uranium enrichment at its underground Fordow nuclear facility.
source: Reuters
Image source: AFP
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BENEFIT Sponsors Gulf Uni...
- April 17, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.
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