Iran’s Rial Drops to Record Low as Ceasefire Prompts Rush for Hard Currency
DUBAI, April 29 (Reuters) - Iran's currency dropped to a record low of 1,810,000 rials to the U.S. dollar on Wednesday, the Iranian Student News Agency (ISNA) said, as demand for foreign exchange that built up during six...
US Imposes Sanctions On 35 Individuals, Entities For Aiding Iran’s Sanctions Evasions
By Andrea Shalal
WASHINGTON, April 28 (Reuters) - The U.S. government on Tuesday said it was imposing sanctions on 35 entities and individuals for their role in Iran's shadow banking architecture, accusing them of facilitating the movement of...
US Treasury Chief Says Businesses Working With Iranian Airlines Risk Sanctions
https://kayhanlife.com/authors/iran-war-spurs-travel-dollar-black-market-linked-to-smuggling-rings/
By Kanishka Singh
WASHINGTON, April 27 (Reuters) - Businesses working with Iranian airlines risk U.S. sanctions, Treasury Secretary Scott Bessent said on Monday, calling the warning a part of a campaign to put economic pressure on Tehran amid...
Iran War Spurs ‘Travel Dollar’ Black Market Linked to Smuggling Rings
By Roshanak Astaraki
Since the outbreak of war initiated by Israel and the United States against the Islamic Republic of Iran, an underground market has emerged within Iran’s currency exchange sector.
In this market, buyers who...
War In Iran Is Causing Biggest Energy Crisis In History, IEA Says
PARIS, April 21 (Reuters) - The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.
"This is...
ANALYSIS – The Iran War Has Revealed Trump’s Pressure Point: The Economy
By Matt Spetalnick and David Brunnstrom
WASHINGTON, April 18 (Reuters) - Seven weeks of war have failed to topple Iran’s theocratic rulers or force them to meet all of President Donald Trump's demands, but for U.S. adversaries and...
US STOCKS – Wall Street Indexes Rally After Iran Says Strait Of Hormuz...
By Sinéad Carew and Niket Nishant
April 17 (Reuters) - The benchmark S&P 500 and the tech-heavy Nasdaq traded at record highs on Friday, while the blue-chip Dow hit its highest level in over two months, as...
EXCLUSIVE: Tehran Residents Describe Life Under Surveillance, Internet Blackout
By Firoozeh Nordstrom
Days before the end of the temporary ceasefire between the U.S. and Iran, everyday life for 90 million Iranians remains tense and challenging. Fifty days into the Internet blackout, the lives, businesses,...
Islamic Republic Bans Expatriates’ Power of Attorney, Seizes Assets
By Kayhan Life Staff
As part of its continued crackdown on Iranians living abroad, the office of Iran's Attorney General, Mohammad Movahedi-Azad, has issued an order banning Iranians living outside the country from granting of...
EXCLUSIVE: Islamic Republic Cracks Down on Exchange Offices, Freezes Accounts
By Kayhan Life Staff
The Islamic Republic of Iran’s security forces have launched a widespread crackdown on dozens of individuals involved in the country’s currency exchange network, informed sources have told Kayhan Life.
According to these...
