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
Brussels has backed sanctions against Iran for its involvement in assassination attempts in France and Denmark. For some European governments, the measures are long overdue.
American sanctions are supposed to paralyze Iran's economy and put pressure on the government. But their far-reaching effects are blocking societal progress and leading to greater oppression.
Iran has said a satellite launched to gather environmental information has failed to reach orbit. Washington had expressed concern that Tehran's satellite program could help it in developing ballistic nuclear weapons.
Foreign Minister Mohammad Javad Zarif has called the planned conference an anti-Iran "circus." Warsaw has expressed the hope that the summit will help unite the EU and US positions towards Tehran.
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