Protesters closed shops for a second day as the rial hit new lows on the free market, amplifying inflation fears and highlighting the widening gap between official and street exchange rates.

Iran's economy has been in the doldrums for years, with heavy US and international sanctions over Tehran's nuclear programme weighing heavily on it.

Iran occasionally seizes oil-carrying vessels over similar charges in the region. In November, Iran seized a ship as it traveled through the narrow Strait of Hormuz over what it said were violations, including carrying an illegal consignment.

Tehran, Iran — Iran's president again pledged Wednesday that his nation is “not after a nuclear bomb” ahead of talks between Tehran and the United States, going as far as dangling the prospect of direct American investment in the Islamic Republic if ...

Overcoming Obstacles The potentially lucrative nature of U.S.-Iran business ties has been highlighted by former Iranian officials as well, including Seyed Hossein Mousavian, who previously served on Iran's nuclear negotiations team from 2003⁠–⁠2005.

Iran has issued evacuation warnings to two Israeli news channels as it prepares retaliatory strikes following an attack on its own state broadcaster. Iran’s national broadcaster on Thursday said Israel’s Channel 12 and Channel 14 will be targeted with ...

Iran's Foreign Minister Abbas Araghchi on Sunday said Tehran reserves all options to defend its sovereignty and people after the "outrageous" U.S. attacks on three major nuclear enrichment facilities in the Middle Eastern country. Iran also launched its ...

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Iran on Wednesday appointed a new governor to the central bank after the former one resigned following a record currency fall against the U.S. dollar that sparked large protests. The plummeting of the rial, Iran's currency, sparked the largest protests in the country in three years, with rallies that began Sunday and continued until Tuesday.