Iran Rial hits record low as US blockade tightens pressure

April 30, 2026 11:47 AM

Iran Rial hits record low as US blockade tightens pressure

Tensions between the United States and Iran continue to escalate, with Washington signalling it is prepared to sustain a naval blockade of Iranian ports for an extended period, even as the financial cost to the US has crossed 25 billion dollars, according to a Pentagon assessment. US President Donald Trump issued a sharp warning on social media, urging Iran to “get smart,” effectively rejecting a recent peace proposal conveyed through backchannel contacts. Deadlock Over Nuclear Programme ...

Satellite images indicate severe damage to Fordow, but doubts remain

June 23, 2025 10:15 AM

Satellite images indicate severe damage to Fordow, but doubts remain

Commercial satellite imagery indicates the U.S. attack on Iran’s Fordow nuclear plant severely damaged - and possibly destroyed - the deeply-buried site and the uranium-enriching centrifuges it housed, but there was no confirmation, experts said on Sunday. “They just punched through with these MOPs,” said David Albright, a former U.N. nuclear inspector who heads the Institute for Science and International Security, referring to the Massive Ordnance Penetrator bunker-busting bombs that the...