US sanctions have cost the Iranian currency 50% of its value. Iranians are trying to protect their savings by buying gold - sending gold prices there soaring
The Iranian oil tanker Adrian Darya 1, formerly known as Grace 1, has changed its destination to a port in Turkey. The US has threatened to sanction any party that takes the oil.
Without the waivers, the US would have to sanction European firms working on civil nuclear projects, White House officials said. European guarantors of the nuclear deal have vowed to salvage it after the US' withdrawal.
Iran is planning to remove four zeroes from its national currency, the rial, as the country struggles with soaring inflation. The oil-rich nation's economy has been hit hard by unilateral sanctions imposed by the US.
The Revolutionary Guard's commander said Iran had tested a new missile. Iran regularly exaggerates its missile and defense technology capabilities.
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