Iran’s currency plunges to a record low as economic pressure on Tehran intensifies. More than 2.5 million rials are now needed to buy $1 as mediators work behind the scenes to bring Washington and Tehran back to the negotiating table. But major differences remain over sanctions, the U.S. military blockade and reopening the Strait of Hormuz.

Iran’s currency plunges to a record low as economic pressure on Tehran intensifies. More than 2.5 million rials are now needed to buy $1 as mediators work behind the scenes to bring Washington and Tehran back to the negotiating table. But major differences remain over sanctions, the U.S. military blockade and reopening the Strait of Hormuz.