The Iranian rial fell to a new historic low amid the war, the U.S. blockade, and new sanctions that deepen the economic crisis of the terrorist regime
However, U.S. officials confirmed to The Associated Press that President Donald Trump categorically rejected this initiative, stating firmly: “That agreement is unacceptable”. Despite this rejection, Qatari intermediaries will convey the formal stance to U.S. negotiators to obtain a final response that will be evaluated in Tehran.
In the face of the imminent collapse and just weeks before the November 3 midterm elections in the United States, the Islamic Revolutionary Guard Corps of Iran executed an attempt at interference by issuing a provocative message directed at the American public. During a press conference in Tehran, the spokesperson for the Revolutionary Guard, General Hossein Mohebbi, read a letter urging American citizens to take to the streets and protest against the conflict.
The General Hossein Mohebbi stated that the only way to end the war requires Washington to admit defeat and leave the Middle East, accusing the White House of using the nuclear program as a mere pretext to “plunder Iran's wealth” and turn the country into a colony.
While in the streets of Tehran there were gatherings where protesters displayed photographs of the supreme leader of Iran, Mojtaba Jamenei, the president of Iran accused the United States of "terrorism" before the UN, defiantly proclaiming: “We do not kneel”.
The regime's rhetoric seeks to influence the U.S. electoral landscape, where the Republican Party aims to maintain control of Congress amid polls reflecting the impact of rising gas prices on voters. Nevertheless, the determination of the White House remains firm: Donald Trump and his advisors believe that the Iranian economy will soon capitulate, projecting that the military conflict could conclude after the November elections.
In the regional energy sphere, a strategic 1,200-kilometer (745-mile) pipeline located in Saudi Arabia resumed operations after having suffered a drone attack attributed to a pro-Iran militia in Iraq. An anonymous Saudi official confirmed that the East-West pipeline is operating near its previous levels and will reach its maximum capacity in weeks, after loading 12.5 million barrels at the ports of Yanbu and Al Muajjiz.
The currency of the Iranian terrorist regime fell this Tuesday to a new historic low of 2.5 million rials per dollar in the markets of Tehran, confirming that Iran is facing the worst crisis in its history due to the suffocating economic isolation and the sanctions imposed by the government of Donald Trump. This severe depreciation evidences the gradual erosion that the war in the Middle East, unleashed in February, causes on the economic structure of the Persian regime.
The most recent collapse was recorded just 27 days after the rial reached its previous critical mark of 2.2 million per dollar on September 2. Although the Iranian economy had been under pressure from international sanctions for years, the imposition of new punitive measures and a severe U.S. naval blockade on crude oil exports definitively plunged it into free fall.
As part of the maximum pressure strategy promoted by the White House, U.S. Secretary of State Marco Rubio warned on Fox News that Iran is inexorably heading towards an “economic cataclysm”. Marco Rubio stated that restricting foreign currency from oil is crucial to prevent Tehran from continuing to finance violent actions, armament, and the escalation of its nuclear weapons program.
On the operational front, the U.S. Armed Forces confirmed they successfully attacked three Iranian ships in the waters of the Gulf. Additionally, President Donald Trump reopened diplomatic dialogue after having formally threatened at the UN General Assembly to destroy the Persian regime.
The core of international diplomatic tension is concentrated in the Strait of Hormuz, considered the main choke point of the war. The Foreign Minister and chief diplomat of the regime, Abbas Araghchi, confirmed after his participation in the UN in New York and after meetings with mediators from Pakistan and Qatar, that indirect talks with the United States have become “more serious”. Abbas Araghchi pointed out to Iranian media late Monday that the “current focus is solely on the Strait of Hormuz”.
The proposal delivered by the regime offered the reopening of the Strait of Hormuz within seven days (one week), demanding in return that the United States lift the blockade on Iranian ports, release frozen assets, exempt the sale of oil from sanctions, and accept a ceasefire.
