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Iranian Currency Falls to Record Low

The dollar was selling for as much as 447,000 rials on Iran's unofficial market on Saturday
The dollar was selling for as much as 447,000 rials on Iran's unofficial market on Saturday
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Iranian Currency Falls to Record Low

The dollar was selling for as much as 447,000 rials on Iran's unofficial market on Saturday
The dollar was selling for as much as 447,000 rials on Iran's unofficial market on Saturday

Iran's troubled currency fell to a record low against the US dollar on Saturday amid the country's increasing isolation and possible Europe Union sanctions against Tehran's Revolutionary Guards or some of its members.

Ties between the EU and Tehran have deteriorated in recent months as efforts to revive nuclear talks have stalled. Iran has detained several European nationals and the bloc has become increasingly critical of the violent treatment of protesters and the use of executions.

The EU is discussing a fourth round of sanctions against Iran and diplomatic sources have said members of the Revolutionary Guards will be added to the bloc's sanctions list next week. But some EU member states want to go further and classify the Guards as a whole as a terrorist organization, Reuters reported.

The dollar was selling for as much as 447,000 rials on Iran's unofficial market on Saturday, compared with 430,500 the previous day, according to the foreign exchange site Bonbast.com.

The rial has lost 29% of its value since nationwide protests following the death in police custody of a 22-year-old Kurdish Iranian woman, Mahsa Amini, on Sept. 16.

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Ukraine Strikes Moscow in Biggest Drone Attack to Date

A view of the site of the damaged multi-storey residential building following an alleged Ukrainian drone attack in Ramenskoye, outside Moscow, Moscow region, Russia, on Tuesday, Sept. 10, 2024. (AP Photo)
A view of the site of the damaged multi-storey residential building following an alleged Ukrainian drone attack in Ramenskoye, outside Moscow, Moscow region, Russia, on Tuesday, Sept. 10, 2024. (AP Photo)
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Ukraine Strikes Moscow in Biggest Drone Attack to Date

A view of the site of the damaged multi-storey residential building following an alleged Ukrainian drone attack in Ramenskoye, outside Moscow, Moscow region, Russia, on Tuesday, Sept. 10, 2024. (AP Photo)
A view of the site of the damaged multi-storey residential building following an alleged Ukrainian drone attack in Ramenskoye, outside Moscow, Moscow region, Russia, on Tuesday, Sept. 10, 2024. (AP Photo)

Ukraine struck the Moscow region on Tuesday in its biggest drone attack so far on the Russian capital, killing at least one woman, wrecking dozens of homes and forcing around 50 flights to be diverted from airports around Moscow.

Russia, the world's biggest nuclear power, said it destroyed at least 20 Ukrainian attack drones as they swarmed over the Moscow region, which has a population of more than 21 million, and 124 more over eight other regions.

At least one person was killed near Moscow, Russian authorities said. Three of Moscow's four airports were closed for more than six hours and almost 50 flights were diverted.

Kyiv said Russia, which sent tens of thousands of troops into Ukraine in February 2022, had attacked it overnight with 46 drones, of which 38 were destroyed.
The drone attacks on Russia damaged high-rise apartment buildings in the Ramenskoye district of the Moscow region, setting flats on fire, residents told Reuters.

A 46-year-old woman was killed and three people were wounded in Ramenskoye, Moscow regional governor Andrei Vorobyov said.

The Ramenskoye district, some 50 km (31 miles) southeast of the Kremlin, has a population of around quarter a million of people, according to official data.
More than 70 drones were also downed over Russia's Bryansk region and tens more over other regions, Russia's defense ministry said. There was no damage or casualties reported there.

As Russia advances in eastern Ukraine, Kyiv has taken the war to Russia with a cross-border attack in Russia's western Kursk region that began on Aug. 6 and by carrying out increasingly large drone attacks deep into Russian territory.

DRONE WAR

The war has largely been a grinding artillery and drone war along the 1,000 km (620 mile) heavily fortified front line in southern and eastern Ukraine involving hundreds of thousands of soldiers.

Moscow and Kyiv have both sought to buy and develop new drones, deploy them in innovative ways, and seek new ways to destroy them - from shotguns to advanced electronic jamming systems.

Both sides have turned cheap commercial drones into deadly weapons while ramping up their own production and assembly to attack targets including tanks, energy infrastructure such as refineries and airfields.