Iran Says U.S. Approved Korean Medical Shipment as Oil Payment

Photographer: Simon Dawson/Bloomberg

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Iran received a shipment of medicine from South Korea in part payment for billions of dollars owed to the Islamic Republic for oil, the semi-official Iranian Students’ News Agency reported.

The cargo took two years of negotiations and was only sent after Seoul secured approval from the U.S. government, Abbas Mousavi, spokesman for the Ministry of Foreign Affairs, said at a press conference in Tehran on Monday.