A stricken Iranian oil tanker that was burning for more than a week following a collision with a Chinese cargo ship in the East China Sea has sunk after drifting into the waters of Japan's economic exclusion zone.

Chinese state television reports that the ship sank shortly after another portion of its cargo "suddenly ignited" at about noon local time on January 14.

Meanwhile, Iranian officials say there is “no hope of finding survivors among the members of the crew."

Mohammad Rastad, a spokesman for an Iranian rescue team dispatched to the area, made the announcement on January 14.

The ship, which had a crew of 30 Iranians and two Bangladeshis, has been ablaze since the collision on January 6 off China's coast near Shanghai.

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