Iranian economy
Iran's Currency Crisis: Rial Hits Record Low of 1.2 Million to Dollar Amid Tightening Sanctions
Dec 04, 2025 12:04 am CST
Iran's rial has plummeted to an unprecedented 1.2 million to the US dollar as renewed nuclear sanctions devastate the economy. With Trump's "maximum pressure" campaign and UN sanctions reimposed, Iranians face soaring food prices and infrastructure concerns while the currency has lost over 97% of its value since the 2015 nuclear deal.
Saudi Arabia's Emerging Role in Mediating US-Iran Nuclear Negotiations Amid Regional Tensions
Nov 20, 2025 11:09 pm CST
Iran has sought Saudi Arabia's assistance in reviving stalled nuclear negotiations with the United States, reflecting Tehran's growing concerns about Israeli military threats and its deteriorating economic situation. As Saudi Arabia's regional influence expands, Crown Prince Mohammed bin Salman's recent White House visit presents a potential diplomatic breakthrough in resolving the longstanding nuclear dispute between Iran and Western powers through Saudi mediation channels rather than traditional intermediaries like Oman and Qatar.
Iran Ratifies UN Anti-Terror Financing Treaty in Bid to Ease International Banking Restrictions
Oct 23, 2025 12:22 am CST
Iran has joined the UN convention against terrorism financing in an effort to ease sanctions pressure and regain access to global banking systems. President Pezeshkian's administration hopes compliance with Financial Action Task Force standards will help stabilize Iran's struggling economy despite opposition from ultra-conservatives concerned about exposing sensitive information regarding Iran's support for regional groups.
Iran to Remove Four Zeros from Currency as Rial Faces Record Depreciation Amid Sanctions
Oct 06, 2025 05:19 pm CST
Iran's parliament has approved a plan to remove four zeros from the national currency as the rial hits record lows amid renewed international sanctions. The monetary reform will replace 10,000 current rials with one new rial, with both versions circulating for up to three years. Originally proposed in 2019, this redenomination aims to simplify transactions in an economy struggling with severe currency depreciation.
UN Reimposition of Snapback Sanctions on Iran Triggers International Tensions and Economic Concerns
Sep 28, 2025 11:21 pm CST
The United Nations has reimposed sanctions on Iran through the "snapback" mechanism from the 2015 nuclear deal, freezing Iranian assets abroad and penalizing its ballistic missile program. As Iran's Parliament considers withdrawing from the Nuclear Nonproliferation Treaty, citizens face economic hardship with the rial hitting record lows. Despite diplomatic efforts failing to prevent sanctions, Iranian officials downplay their impact while European nations cite Tehran's restrictions on nuclear monitoring as justification for their actions.
Iran's Clerical Regime Faces Critical Dilemma: Nuclear Deal Standoff and Economic Isolation Threaten Stability
Sep 28, 2025 02:32 pm CST
Iran's clerical leadership confronts a critical existential crisis as renewed UN sanctions deepen the country's economic isolation. Caught between domestic discontent and international pressure over its nuclear program, the regime must navigate threats of Israeli strikes, internal political divisions, and mounting public anger over deteriorating economic conditions that have pushed inflation to 40-50%. Without diplomatic breakthrough, experts warn the Islamic Republic's stability hangs in precarious balance.
UN Sanctions Return Against Iran After Nuclear Negotiations Fail: Global Economic Implications
Sep 28, 2025 10:00 am CST
Comprehensive UN sanctions against Iran have been reinstated after a decade following failed nuclear negotiations with Western powers, triggering significant economic concerns as the Iranian currency hits record lows. While US Secretary of State Marco Rubio urges immediate implementation, European leaders maintain openness to diplomacy despite Russia's refusal to recognize the sanctions' validity. The measures target Iran's nuclear and missile programs amid ongoing regional tensions.
US, Israeli Attacks Inflicted 'Grievous Blow' On Global Trust: Iran At UN
Sep 25, 2025 01:06 am CST
Iranian President Masoud Pezeshkian took the stage at the UN on Wednesday to blast Israeli and US attacks in June as inflicting "a grievous blow upon international trust and the very prospect of peace in the region."