Iran's rial slid to a fresh record low as indirect talks with the US over the Strait of Hormuz intensified. The fall highlights how war, sanctions and the naval blockade are squeezing Tehran even as diplomacy continues.

The Iranian economy has been under duress for years in the face of international sanctions. But a U.S. naval blockade on Iranian oil and new sanctions imposed since the start of the war have sent i...

Iran's currency fell to a new record low on Tuesday, with traders in Tehran exchanging more than 2.5 million rials to the U.S. dollar in a stark reflection of how the war in the Middle East has s