The Ship Angelica (1989)

Many years ago The Angelica which was carrying gold and silver from the Portuguese to the Arab Sheykhs had been sunk in the Persian gulf. Ahmad Beyk manages to find it's place and is after getting the treasure out. He goes to Shiraz's governor's son and demands his help agreeing with him on sharing the profits 50 percent for each. But the governor's son wants it all for himself unaware that the English forces there are became interested in the Angelica too.