"Two sides are blamed," says Adnan Tabatabai of CARPO think tank: "Their own government as well as the US."
A German diplomat will no longer head the Iran trade vehicle INSTEX after it emerged he had made critical comments about Israel. The development deals a further blow to European efforts to save the Iran nuclear deal.
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.
Iran's president has urged Washington to drop paralyzing sanctions as a confidence-building measure for direct talks. The US has increased pressure against the Islamic republic amid rising tensions in the Persian Gulf.
Iran has begun enriching uranium and has said a third deliberate violation of the 2015 nuclear deal could come. It has called on the other signatories of the deal to find ways around US sanctions.
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