Iran’s currency fell to a new record low on Tuesday, with traders in Tehran exchanging more than 2.5 million rials per U.S. dollar, just 27 days after the previous record low of 2.2 million rials on September 2. The war in the Middle East combined with international sanctions, particularly a U.S. naval blockade on Iranian oil, has sent the Iranian economy into freefall. Iran’s Foreign Minister Abbas Araghchi said indirect negotiations with the United States aimed at reopening the critical Strait of Hormuz have become “more serious,” with Qatari mediators expected to relay a final U.S. response to Tehran. The spokesman for Iran’s Revolutionary Guard Corps, General Hossein Mohebbi, called on Americans to protest the conflict, claiming that only U.S. recognition of defeat would end the war.
Source: Read the original article
