The Iranian rib fell to a record low on Tuesday, trading above 2.5 mln ribs
per US dollar in Tehran’s currency market, highlighting the ongoing Middle East
conflict’s drain on Iran’s economy. The move comes 27 days after a prior record
of 2.2 mln per USD on Sept. 2; the currency has repeatedly hit new lows since
fighting erupted in February. Iran’s top diplomat said indirect US-Iran talks to
reopen the strategic Strait of Hormuz had become "more serious." The Islamic
Revolutionary Guard Corps’ chief spokesman on Tuesday called on US civilians to
protest the conflict.
