Democrats Take Control of the Senate, Delivering Political Blow to Trump
Darwin, November 4: The Democratic Party has secured a major victory in the US midterm elections, taking control of the Senate following an unexpected win…
Darwin, September 03 : The Iranian rial has plunged to a record low, with one US dollar now fetching around 2.2 million Iranian rials, Reuters reported on Wednesday.
The exchange rate was recorded by two websites tracking Iran’s free-market currency rates following the renewed escalation in hostilities between Iran and the United States.
The rial has lost around 10 percent of its value in just one week. Since the war with the United States began in February and Washington imposed additional economic sanctions on Tehran, the Iranian currency has lost roughly half of its value, according to Reuters.
Meanwhile, tensions in the region escalated further on Thursday as Iran launched another wave of drones and missiles toward Kuwait.
The Kuwaiti military said its air-defense systems were attempting to intercept the incoming drones and missiles at around 7:30 a.m. Bangladesh time. It warned residents that explosions could be heard during the interception operations and urged them not to panic and to move to safe locations.
The latest attack came after US strikes on several locations along Iran’s coast. In retaliation, Tehran targeted US facilities and infrastructure in Gulf countries, including Kuwait, Jordan and Iraq.
Sources: Reuters, Al Jazeera
Related News
Trump: I Would Have Won by a Landslide If My Name Had Been on the Ballot
Darwin, November 4: US President Donald Trump has said he is prepared to accept the results of the country’s midterm elections. He has also expressed…
Democrats Win North Carolina Senate Seat After 18 Years
Darwin, November 4: Former North Carolina Governor Roy Cooper is a prominent Democratic politician who served two terms as the state’s governor. By winning a…
Republicans Set to Lose Control of US Congress
Democrats are poised to make significant gains in the US midterm elections. CBS News has projected that the Democrats will take control of the House…
Iran’s Security Chief Holds Phone Talks with Putin on Regional Developments
Darwin, November 2: Russian President Vladimir Putin and Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, held a telephone conversation to discuss developments in…
Australia Considers Buying Israeli-Made Iron Dome Interceptor Missiles
Darwin, October 29: Australia is considering purchasing missile interceptor systems developed for Israel’s Iron Dome air defence system as the country moves to strengthen its…
Death Toll Rises to 64 After Two High-Speed Trains Collide in Spain
Darwin, October 28: The death toll from a collision involving two high-speed trains in central Spain has risen to 64, the regional government of Castilla-La…
Netanyahu’s Return as Prime Minister ‘Almost Impossible’ After Right-Wing Bloc’s Election Setback
Darwin, October 28: Israeli Prime Minister Benjamin Netanyahu’s right-wing bloc has suffered a major setback in the country’s elections, according to preliminary exit polls. The…