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
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Cautious optimism has come out of the latest round of talks on the Iran nuclear deal. But European officials were frustrated by the slow progress in efforts to get the US and Iran to adhere to a renewed nuclear deal.
The US has hinted at sanctions relief for Iran, though it conceded a conclusion to the nuclear deal talks is a long way off. Joe Biden will find stiff Republican opposition should he wish to offer Tehran respite.
The company will pay millions in penalties but will not face criminal charges, US prosecutors said.
A senior Swiss diplomat has died after falling from an apartment block in the Iranian capital, Tehran. Iranian police have launched an investigation.
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