Iran’s national currency has hit new all-time lows against the US dollar. The rial fell to close to 330,000 in the open market on Saturday and Sunday. This is Iran’s lowest rate since October 2020 when it had fallen past the 320,000 mark. Iran’s response to the currency’s depreciation has been a standard combination of … Read more
Iran says it won’t lose customers as China buys more oil from Russia. Iran is now exporting more than one million barrels of crude oil and gas condensate per day. Senior officials in the administration of President Ebrahim Raisi; have said oil sales in the initial months of his presidency have jumped by 40 percent. … Read more
The United Nations Security Council has dismissed US demand to impose ‘snapback’ sanctions on Iran. The President of UNSC said that it was “not in position to take further action” on a bid by the United States to trigger “snapback” sanctions against Iran. Indonesia’s UN ambassador, Dian Triansyah Djani, remarked on Tuesday while responding to … Read more
