Iran's currency hits record low amid the threat of US sanctions; Tehran seeks 'reverent' core conversations with Trump | Today news

Iran’s Rial dropped to a record low over the weekend and crossed the symbolic threshold of 1 million Rials per US dollar and further dropped to 1.043,000, which deepened the country’s economic crisis as it returned to the Nowruz holiday. The collapse of the currency comes amid growing uncertainty and pressure around Iran’s nuclear ambitions, renewed US sanctions and the increasing regional tension. In the Ferdowsi street in Tehran, the capital of the capital, traders turned off digital rate boards, referring to volatile and unpredictable fluctuations. Tehran asks for a fair dialogue with American Iranian president Masoud Pezeshkian, responded to the unrest by repeating, repeating the willingness of Tehington to negotiate with Washington – but only from a position of mutual respect. “If you want negotiations, what’s the point to threaten?” Pezeshkian said on Saturday. “America Today is not only humiliating Iran, but also the world, and this behavior is in conflict with the call for negotiations.” His remarks came amid reports that US President Donald Trump, now in his second term, reached out to highest leader Ayatollah Ali Khamenei to make an effort to revive stationary core conversations. However, Tehran has resisted negotiations under coercive conditions, especially as Washington enchants the sanctions and the steps of military operations in the region. Sanctions, weighing military pressure on Iran analysts, says the Rial’s rapid depreciation is powered by fear of falling oil exports, inflation and sustained economic isolation. Trump’s revived “maximum pressure” campaign strengthened on Iran’s sales of crude oil, including shipping to China entertainment and air strikes on the Iranian-directed militia over the Middle East. Iran’s economic indicators are still deteriorating, while many citizens turn their savings into foreign exchange, gold or cryptocurrencies to preserve value. The growing public turmoil and political setback at home, the currency crisis fueled public frustration, causing the fear of further inflation and possible cuts to petrol subsidies – a cause of nationwide protests. President Pezeshkian’s administration also came under fire. In March, Parliament charged its finance minister Abdolnasser Hemmati for the collapse of the currency. Most recently, Pezeshkian rejected his vice president of parliamentary matters, Shahram Dabiri, after the public outrage broke out over his luxury speed to Antarctica – a journey that made anger among a population to end. “In a situation where economic pressure on people is great … expensive recreational trips by officials – even with personal funds – are not defensible,” Pezeshkian said.