IRAN
 
Iran Hit By New US Sanctions On Currency Ahead Of Elections
 
As Iran prepares for its presidential elections on 14 June, the US has announced new sanctions on the Iranian currency and the country’s automotive sector.
 
US President Barack Obama on 3 June signed an Executive Order imposing for the first time sanctions on Iran’s currency, the rial, in a move intended to further ratchet up the pressure on Iran on account of the nuclear standoff...