Nearly 150 people were missing and several dead after an Iranian warship sank Wednesday off Sri Lanka following what crew members reported as an explosion, officials said.

Sri Lanka's navy rescued 32 sailors from the frigate IRIS Dena but hopes were fading for 148 other sailors, the island's Foreign minister and defense officials said.

The source was unclear of the reported explosion involving the frigate, which was traveling after reportedly attending a military exercise in India's eastern port of Viskhapatnam.

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