The Iranian rial fell to a record low on Tuesday, trading above 2.5 mln rials 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’

The Iranian rial fell to a record low on Tuesday, trading above 2.5 mln rials 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.