Tue, 21-Oct-2025

Amid nuclear deal’s uncertainties, Iran’s currency has hit a new low

Iran currency

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

US sanctions Iran’s Quds Force, Hezbollah

Quds

The US has designated a network run by the Islamic Revolutionary Guard Corps Quds Force an “international oil smuggling and money laundering network.” A US Treasury Department report on Wednesday said that officials had facilitated the sale of hundreds of millions of dollars worth of Iranian oil for both the IRGC-QF and Hezbollah. It acted … Read more