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Anticipation, pushback in Iran as mediators work to finalise deal with US

Anticipation, pushback in Iran as mediators work to finalise deal with US

Summary

Iran and the United States are close to signing a first-stage deal after months of tension. While some in Iran welcome the potential agreement, hardliners inside the country and voices from Israel strongly oppose it.

Key Facts

  • Iran’s currency, the rial, strengthened slightly against the US dollar after talks of a deal with the US.
  • The price of gold in Iran dropped about 5 percent despite frozen international markets.
  • Tehran Stock Exchange hit a new high after reopening following a three-month shutdown.
  • Many Iranians continue to buy foreign currency like dollars and euros due to high inflation and rising prices.
  • President Donald Trump said the Iran deal would be signed soon, but Iranian officials showed mixed reactions.
  • Qatari mediators arrived in Tehran to help finalize the deal negotiations.
  • Hardliners in Iran, including some parliament members and religious leaders, urged the government not to make big concessions and opposed signing on President Trump’s birthday.
  • Pro-establishment groups protested against the deal and criticized Iranian officials leading the talks.
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