International sanctions appear to have hit Iran's economy as the rial hits a record low, with over one million rial being traded for a single dollar.

Iran and the United States held in-depth negotiations in Oman over Tehran's rapidly advancing nuclear program on Saturday, ...

TEHRAN, Iran — Iran ’s rial currency traded Saturday at a record ... as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market.

However, Iranians remain hopeful that the talks could be successful, as the Iranian rial has rebounded from historic lows during which it took more than 1 million rials to buy $1. “It’s OK to ...