Kathmandu. Due to the ongoing war in the Middle East, Iran’s currency has weakened again against the US dollar.

On Tuesday, more than 25 million riyals were traded for one US dollar in Tehran. This is the weakest position of the riyal so far.

Earlier on September 2, one US dollar reached 2.2 million riyals.

27 days later, the rial again hit a new low. Since the start of the war, the Iranian currency has been under constant pressure.

Iran’s economy has been under the influence of international sanctions for a long time. The US sanctions imposed on Iranian oil have affected the country’s foreign exchange earnings. After the start of the war, the economic problems have increased due to the US sanctions and the blockade on Iranian oil.

When the currency is weak, the goods imported into Iran can become expensive. This risks increasing the price of daily consumables and adding financial pressure on the public.

Meanwhile, there is also a possibility of indirect talks between Iran and the United States. Iran’s Foreign Minister Abbas Araghchi said that the ongoing discussions on the opening of the Strait of Hormuz have become more serious.

The Strait of Hormuz is one of the world’s most important oil transportation routes. Tensions in the region due to the war have raised concerns that the supply and price of oil in the world market could also be affected.

According to Araghchi, the current discussions are mainly focused on the Strait of Hormuz. He met with mediators from Pakistan and Qatar before returning from New York after attending the UN General Assembly.

He said that Qatari mediators are expected to discuss with the US side soon. This shows that there is an attempt to advance indirect talks between Iran and the United States.

Meanwhile, the chief spokesman of Iran’s Islamic Revolutionary Guard called on Americans to take to the streets to protest against the war.

The weakening of the Iranian currency, the addition of economic sanctions, and the increase in uncertainty in trade and oil supplies due to the war have put further pressure on Iran’s economy. In the coming days, the war and the situation of Iran-US talks are likely to have a significant impact on the country’s economic situation.