A Seoul appellate court has ruled against the operator of theh Korean chemical tanker that was detained in Iran in 2021 in a compensation suit the firm filed against the government.
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In what looks like a win-win-win, the pending U.S.-Iran prisoner swap deal is being lubricated by the release of some $6 billion in Iranian dollars that had been frozen in banks here.
With tensions remaining high after a series of incidents in the Persian Gulf region and specifically the Strait of Hormuz, U.S. and UK authorities bot.