Iran's rial currency has fallen to a new low of 1.2 million to the U.S. dollar as nuclear sanctions squeeze the economy.

Over the weekend, Iran highlighted two major naval additions: the frigate Sahand, a Moudge-class warship armed with cruise missiles and stealth technology, and the floating base Kordestan, designed as a mobile port city capable of supporting both naval and non-naval combat units.

Many Iranians point to mismanagement and corruption as the root of the economy’s difficulties. In front of billboards urging citizens to conserve water, sprinklers drench grass verges along the roadside. Fountains play merrily in country clubs frequented by the elite.

A leading Iranian rights activist and Nobel laureate said state suppression in the Islamic Republic is getting worse as the country faces multiple crises, including regional isolation and a deteriorating economy.

Iran has long maintained that fuel smuggling threatens both regional stability and its domestic economy, framing ship seizures as legitimate enforcement actions. In recent years, Iranian authorities have increasingly targeted foreign-flagged vessels in the Persian Gulf, citing violations such as carrying unauthorized cargo.

Iran’s foreign minister said his country would halt plans for a reinstatement of nuclear inspections at a time of heightened concern over Iran’s enriched uranium.

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Iran's rial currency falls to new low of 1.2 million to a US dollar as nuclear sanctions squeeze its ailing economy

The Low-Cost Uncrewed Combat Attack System (LUCAS) drones are intended to mirror Iran‘s Shahed-136 uncrewed aerial vehicles (UAVs), providing a low-cost, scalable capability for autonomous, swarm-style operations.