Iran Confirms Seizure of Three Ships in Singapore, Arman Says

Three Iranian ships were seized several days ago in Singapore waters in a move linked to financial sanctions against Iran over the country’s nuclear program, Arman reported, citing the Islamic Republic of Iran Shipping Lines Managing Director.

Mohammad-Hossein Dajmar, the company’s head, rejected reports that the seizure is due to Iran’s failure to pay back a loan received from a French bank, the newspaper said.