About This Source - ABC News (Australia)
The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.
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ABC News (Australia) published this video item, entitled “South Korea to dispatch diplomat for Tehran talks after Iran seizes tanker | The World” – below is their description.
Iran has rejected allegations that its seizure of a South Korean tanker amounts to hostage-taking. The vessel was travelling near the Strait of Hormuz when it was intercepted by Iran’s revolutionary guards. It comes amid tensions between the two countries over billions of dollars in frozen funds that Tehran says South Korea is ‘holding hostage’ in accordance with US sanctions. Manny Tsigas reports.ABC News (Australia) YouTube Channel
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Iran is home to one of the world’s oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. The Iranian Revolution established the current Islamic Republic in 1979.
Iran’s political system combines elements of a presidential democracy and an Islamic theocracy. Iran is a founding member of the UN, ECO, OIC, and OPEC. It is a major regional and middle power and has large reserves of fossil fuels — including the world’s largest natural gas supply and the third largest proven oil reserves.
The country’s rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites. Historically a multi-ethnic country, Iran remains a pluralistic society comprising numerous ethnic, linguistic, and religious groups, the largest being Persians, Azeris, Kurds, Mazandaranis and Lurs.
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Tehran is the capital of Iran, in the north of the country. Population: 8.694 million (2016).