Iran furious over US bid to restore UN sanctions

Iran’s president dismissed American efforts to restore all UN sanctions on the country as mounting economic pressure from Washington pushed the local currency down to its lowest level ever.

Iran’s currency dropped to 272,500 to the US dollar at money exchange shops across Tehran. The rial has lost more than 30 per cent of its value to the dollar since June as sweeping US sanctions continue to crush Iran’s ability to sell oil. As the currency plummeted, Iran’ s President Hassan Rouhani slammed the Trump ad mini st ration’s declaration on Saturday that sanctions have been reimposed because Tehran is not complying with the nuclear deal.

“If America uses its bullying… and does something in practice, it will have to face our decisive response,” said Rouhani.