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Iran’s currency drops to record 0.000001% on Dollar | World | News

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5 months ago

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Iran’s rial currency plummeted to near-record lows Thursday amid mounting concerns in Tehran that European nations may initiate a process to reinstate UN sanctions on the Islamic Republic over its nuclear program, further pressuring the country’s struggling economy.

In Tehran on Thursday, the rial was trading at over 1 million to $1. During the 2015 agreement, it exchanged at 32,000 to $1, illustrating the currency’s dramatic decline since that time.

The rial reached its lowest point ever in April at 1,043,000 rials to $1.

France, Germany and the United Kingdom cautioned earlier this month that Iran could activate a “snapback” mechanism when it suspended inspections by the International Atomic Energy Agency following Israeli strikes in June.

The mechanism by the diplomats who incorporated it into Iran’s 2015 nuclear agreement with world powers, was crafted to be veto-proof within the international body and would likely take effect following a 30-day period.

In a letter dated August 8, three European nations issued a warning to Iran, stating they would initiate the “snapback” process by the end of August if Tehran failed to provide a “satisfactory solution” to nuclear issues.

Should it be enacted, the measure would once again freeze Iranian assets overseas, block arms transactions with Tehran and impose penalties on any advancement of its ballistic missile program, along with other sanctions.

The snapback mechanism in the deal is set to expire on October 18. Under the snapback provision, any party to the deal can declare Iran noncompliant, which would trigger renewed sanctions.

Attempting to utilise the “snapback” mechanism will likely escalate tensions between Iran and the West in a Middle East still ablaze over the Israel-Hamas war in the Gaza Strip.

Iran initially dismissed the possibility of reinstated sanctions and showed minimal diplomatic activity for weeks following Europe’s ultimatum, but has recently launched a brief diplomatic offensive.

Iran has consistently maintained that its program is peaceful, despite assessments from Western nations and the IAEA suggesting that Tehran had an active nuclear weapons program until 2003.

The extent to which the Israeli and U.S. strikes on nuclear sites during the war disrupted Iran’s program remains uncertain.

Foreign Minister Abbas Araghchi last week revealed Iran’s pessimistic outlook on its diplomatic relations with the West, particularly as the Israelis launched the conflict just as a sixth round of talks with the US was scheduled to begin.

“Weren’t we in the talks when the war happened? So, negotiation alone cannot prevent war,” Araghchi told the state-run IRNA news agency. “Sometimes war is inevitable and diplomacy alone is not able to prevent it.”

As part of the 2015 agreement, Iran consented to give the IAEA even more access to its nuclear program than the agency has in other member countries. This included the permanent installation of cameras and sensors at nuclear sites.

Other devices, known as online enrichment monitors, gauged the uranium enrichment level at Iran’s Natanz nuclear facility.

IAEA inspectors regularly visited Iranian sites to conduct surveys, occasionally collecting environmental samples with cotton clothes and swabs for testing at IAEA labs in Austria. Some monitored Iranian sites using satellite imagery.

However, IAEA inspectors, who have faced increasing restrictions on their activities since the U.S. unilaterally withdrew from Iran’s nuclear deal in 2018, have not yet accessed those sites. Meanwhile, Iran claims it relocated uranium and other equipment before the strikes – potentially to new, undisclosed locations that increase the risk of losing track of the program’s status.

On Wednesday, IAEA inspectors were present to observe a fuel replacement at Iran’s Bushehr nuclear reactor, which operates with Russian technical assistance.



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Upgrade your wardrobe and win one of three £100 vouchers from Butterwo

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January 14, 2026

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The 2026 January transfer window is the perfect time for a fresh start, and we’re helping you find your new look by giving away three £100 vouchers to spend at Butterworth’s . Whether you are looking for the latest designer casuals for the weekend or high-quality footwear to see you through the season, Butterworth’s is the ultimate destination for independent fashion.

With over 40 years of heritage as a family-run independent retailer, Butterworth’s knows style. They offer a curated selection of branded clothing and footwear for men, women, and children. Whether you’re after trendy streetwear, chic evening looks, or casual everyday essentials, you’ll find the biggest names in fashion right here.

What You Can Win

We have three £100 vouchers waiting to be won. The lucky winners can refresh their style with a huge range of options, including:

  • Leading designer brands: The very latest drops in premium menswear, womenswear, and kids’ fashion.

  • Footwear collections: From classic casuals to the latest trainers and boots.

  • Seasonal must-haves: Take advantage of their famous seasonal sales with up to 50% off to make your voucher go even further.

  • Accessories: The perfect finishing touches to complete any outfit.

How to Enter

Ready to sign a new addition to your wardrobe? Don’t miss out on this chance to shop the best in independent fashion with a £100 boost from Butterworth’s.

Fill in the form below to enter. If you can’t see the entry form, click here.

This competition closes on the 8th February 2026.



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Fashion

Upgrade your wardrobe and win one of three £100 vouchers from Butterwo

CHANNEL TODAY BROADCASTING CORPORATION

Published

7 hours ago

on

January 14, 2026

By


The 2026 January transfer window is the perfect time for a fresh start, and we’re helping you find your new look by giving away three £100 vouchers to spend at Butterworth’s . Whether you are looking for the latest designer casuals for the weekend or high-quality footwear to see you through the season, Butterworth’s is the ultimate destination for independent fashion.

With over 40 years of heritage as a family-run independent retailer, Butterworth’s knows style. They offer a curated selection of branded clothing and footwear for men, women, and children. Whether you’re after trendy streetwear, chic evening looks, or casual everyday essentials, you’ll find the biggest names in fashion right here.

What You Can Win

We have three £100 vouchers waiting to be won. The lucky winners can refresh their style with a huge range of options, including:

  • Leading designer brands: The very latest drops in premium menswear, womenswear, and kids’ fashion.

  • Footwear collections: From classic casuals to the latest trainers and boots.

  • Seasonal must-haves: Take advantage of their famous seasonal sales with up to 50% off to make your voucher go even further.

  • Accessories: The perfect finishing touches to complete any outfit.

How to Enter

Ready to sign a new addition to your wardrobe? Don’t miss out on this chance to shop the best in independent fashion with a £100 boost from Butterworth’s.

Fill in the form below to enter. If you can’t see the entry form, click here.

This competition closes on the 8th February 2026.



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Zara Tindall’s Magic Millions looks are the future of royal fashion | Royal | News

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21 hours ago

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January 14, 2026

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Zara Tindall put her best fashion foot forward as she touched down in Australia for the annual Magic Millions event. The King’s niece has been a central figure at the high-profile race meet on the Gold Coast, alongside her husband Mike Tindall, where she is also serving as a Magic Millions ambassador. 

The look struck the perfect balance between tropical ease and tailored sophistication, which feels refreshing and new.

Later, Zara switched gears for the Gold Raceday evening event, stepping out in a sharp navy mini dress by Rebecca Vallance, another Australian designer she has championed repeatedly over the past year.

The structured silhouette, complete with bow detailing, brought a sleek modern edge to the race-day setting. She grounded the look with silver Belaire court shoes by British favourite Dune London, adding a distinctly homegrown note.

A crystal-covered Jimmy Choo clutch completed the ensemble with just the right amount of sparkle.

Zara’s jewellery also told a story of modern royal style, as she wore her own Calleija Coronet Suite white-gold and diamond bangle.

The refined piece echoed the clean lines of her dress while adding a personal, bespoke touch. Throughout the week, her accessories have leaned into understated luxury rather than overt statement pieces.

It is this thoughtful approach that makes her fashion choices feel quietly powerful rather than performative.

What makes these Magic Millions looks feel like the future of royal fashion is their adaptability.

Zara is not dressing for tradition alone, but for real life in modern royal settings. By blending British staples with Australian designers, she is creating a new, global royal wardrobe.

It’s a style that feels relevant, wearable and refreshingly unfussy. At Magic Millions, Zara hasn’t just dressed for the occasion – she has quietly redefined what royal fashion can look like in 2026 by prioritising sustainability and investment pieces.



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