Iran's rial hits all-time low under pressure from US

Lucy Bush
Апреля 10, 2018

Iran unified the country's official and open market exchange rates, state media said, after its currency, the rial, plunged to an all-time low on Monday on concerns over a return of crippling sanctions.

According to Reuters, Iran promises to ramp up its nuclear program if the deal collapses, though many feel as though the deal has done little to diminish Iran's nuclear efforts anyway.

The comments are meant serve "as a warning" to the United States and other global powers, which Iran has accused of violating the accord by not implementing a series of economic concessions that would give Iran access billions in cash resources and business deals.

Rouhani's speech came in light of National Nuclear Technology Day in Tehran, where the country unveiled its latest nuclear achievements - including a nuclear battery and centrifuges for the oil industry.

Fars News, which the Post described as being close to Iran's Islamic Revolutionary Guard Corps, reported that at least four Iranian "military advisers" were killed in the strike.

"Bilateral, regional and worldwide relations between Iran and Russian Federation have been completely significant in recent years and today, there are very close, friendly relations between the two countries", Iranian President Hassan Rouhani said on Monday after stating that Tehran and Moscow are on the path of strategic relations. "But we will not use our weapons against our neighbors".

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It was not the first time Iran has suggested that pulling out of the deal would be a grave mistake for the U.S. Fordow is a facility south of the holy city of Qom.

On Monday, Behrouz Kamalvandi, a spokesman of the nuclear agency, said Salehi wanted to clarify that enrichment could be done within "two days".

The 20 percent figure is significant, because it is more than enough to quickly reach the threshold for a nuclear weapon.

US President Donald Trump has threatened to walk away from the nuclear deal and reimpose sanctions by May 12 unless tough new restrictions are imposed on Iran's nuclear and missile programmes. We need soft power.

In January, Trump announced he is waiving the U.S. sanctions against Iran for the "last time". Many believe the United States will withdraw from the deal.

The deadline is on May 12, although he hinted that the U.S. could cut loose before that date if he sees no progress in negotiations.

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