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Iran’s currency plunges to all-time low! Rial tumbled to 1,074,000 against US dollar; Iran faces looming UN sanctions, diplomacy constrained

Iran’s rial tumbled to an all-time low of 1,074,000 against the US dollar on Wednesday, just ahead of Iranian President Masoud Pezeshkian’s scheduled address at the United Nations, AP reported.The sharp decline follows Supreme Leader Ayatollah Ali Khamenei’s rejection of direct talks with the United States over Iran’s nuclear programme, limiting the scope for diplomacy…

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Big blow! Trump revokes sanctions waiver – why is Iran’s Chabahar port important for India & what does US move mean?

This decision directly impacts India’s state-operated India Ports Global Limited (IPGL), which has managed the Shahid Beheshti terminal at the port. At a time when India and the US are looking to seal a trade deal, the Donald Trump administration has dealt a fresh blow to India’s trade and strategic ambitions by removing sanctions waivers…

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In another blow to India, US revokes sanctions waiver on Iran’s Chabahar port — given during Trump’s first term

TOI Correspondent from Washington: The Trump administration has dealt another devastating blow to New Delhi by revoking sanctions exemptions for Chabahar port in Iran even as the two sides (US and India) are trying to overcome differences on trade issues. India has been using the Shahid Beheshti terminal at Charbahar since 2018 as part of…

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