Iranian Rial Falls to Record Low Against US Dollar Amidst Increasing Isolation

Iranian Rial Under Intense Pressure as EU Mounts Sanctions Against Government

The ailing Iranian rial hit a record low versus the US dollar on Saturday due to the nation’s deepening isolation and the potential for European Union penalties against Tehran’s Revolutionary Guards or some of its members. As efforts to restart nuclear talks have stalled in recent months, relations between the EU and Tehran have deteriorated. […]