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.



White House: Trump to Decide on US Action in Israel-Iran Conflict Within 2 Weeks

First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)
First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)
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White House: Trump to Decide on US Action in Israel-Iran Conflict Within 2 Weeks

First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)
First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)

The White House said on Thursday that President Donald Trump will make a decision on whether the US will get involved in the Israel-Iran conflict in the next two weeks.

Citing a message from Trump, White House Press Secretary Karoline Leavitt told reporters: "Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks."

Trump said Wednesday he doesn’t want to carry out a US strike on Iran but suggested he stands ready to act if it’s necessary to extinguish Iran’s nuclear program.

Russia warned the US against entering the Israel-Iran conflict.

“US military interference would be an extremely dangerous step with truly unpredictable negative consequences,” Russian Foreign Ministry spokesperson Maria Zakharova said at a briefing.

The comments come after Iran’s state media said the country’s Foreign Minister Abbas Araghchi will meet with European counterparts in Geneva on Friday.

French Foreign Minister Jean-Noël Barrot did not confirm the Geneva meeting.

The message from Iranian authorities was “relatively clear: there is a willingness to resume talks, including with the United States, provided that a ceasefire can be reached,” Barrot told a news conference in Paris.

Barrot said that France and Europeans partners are ready to “resume negotiations” with Iran.