Iran’s currency hits new record low, as war erodes Iran’s economic stability
Iran's currency plunged to an all-time low on Tuesday, with traders in Tehran exchanging over 2.5 million rials for each U.S. dollar. This marked the second consecutive week of record-breaking lows since the war erupted in February. The rial's value has been steadily declining as the conflict has escalated. Iran's top diplomat hinted at more serious indirect talks with the United States to reopen the crucial Strait of Hormuz, while the Iranian Revolutionary Guard Corps' chief spokesman urged Americans to protest the conflict.
Foreign Minister Abbas Araghchi emphasized that the current focus is on the Strait of Hormuz and stated that Qatar is set to engage with the U.S. side in negotiations.
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