Iran's Daily COVID-19 Infections Hit Another High

Iranian women wear protective face shields and masks as they walk in Tehran Bazaar in Tehran, Iran April 6, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
Iranian women wear protective face shields and masks as they walk in Tehran Bazaar in Tehran, Iran April 6, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
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Iran's Daily COVID-19 Infections Hit Another High

Iranian women wear protective face shields and masks as they walk in Tehran Bazaar in Tehran, Iran April 6, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
Iranian women wear protective face shields and masks as they walk in Tehran Bazaar in Tehran, Iran April 6, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Iran on Tuesday broke another record in the country's daily new coronavirus cases, even as Tehran and its surroundings went into lockdown, a week-long measure imposed amid another surge in the pandemic.

The country’s health ministry announced 27,444 new cases and 250 deaths over the past day, bringing the overall death toll to 87,624 from among more than 3.5 million confirmed cases in the pandemic.

On Tuesday, Iran embarked on another lockdown — the nation’s fifth so far — that is meant to last until next Monday. All bazars, market places and public offices closed, as well as movie theaters, gyms and restaurants, in both Tehran province and the neighboring province of Alborz, The Associated Press reported.

On Monday, Tehran Province governor Anoushiravan Bandpay announced a code red, saying all hospitals in the province have reached their full capacity.

During an earlier surge in cases, in April, Iran reported the highest daily number of cases, 25,582. At the time, its daily death tolls surged to around 400, below the grim record of 486 reached last November.

Iranian authorities have lately been warning about a new surge, fueled by the fast-spreading delta variant. In sanctions-hit Iran, which has the highest COVID-19 death toll in the Middle East, less than 2% of the population of 84 million has received both doses, mainly of the imported Russian and Chinese vaccines.



Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
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Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo

Japan and Canada, who is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said on Wednesday.

In a phone conference on Wednesday, Japanese Finance Minister Katsunobu Kato and his Canadian counterpart, Francois-Philippe Champagne, shared concerns over the series of tariffs implemented by the US government, the ministry said in a statement.

As US President Donald Trump's sweeping reciprocal tariffs took effect from midnight with a 104% levy on Chinese imports, China retaliated by vowing to raise tariffs on the US to 84% from Thursday, Reuters reported.

This led to a market rout with bond prices tumbling and global stocks falling further. US Treasuries, the safest haven for the global financial system, were hit by fresh selling pressure on Wednesday in a sign that investors were dumping their safest assets.

The US dollar also weakened against other major currencies.

Japan will cooperate with the Group of Seven advanced economies and the International Monetary Fund to help stabilize a market rout unleashed by US tariffs, the country's top currency diplomat said on Wednesday.