The story: Iran on Monday demanded South Korea immediately release $7 billion in funds frozen due to US sanctions, saying it would not negotiate the release of a South Korean tanker seized last week by the Islamic Revolutionary Guards Corps (IRGC) near the Strait of Hormuz.

Foreign Minister Mohammad Javad Zarif told a visiting delegation headed by South Korean Vice Minister of Foreign Affairs, Choi Jong-Kun, that Seoul should take steps to release Iranian funds frozen in South Korean banks. However, he said the case of the vessel and its 20-member crew was being dealt with by the judiciary and was out of the government’s hands.

The coverage: Iranian media gave wide coverage to the visit, focusing on the frozen funds held by South Korea - but said no agreement had been reached...