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Iranian rial hits record low versus dollar
The value of the Iranian currency has declined to its lowest ever level, amid preparations by the United States to announce new sanctions on Iran. Military experts confirm that the Strait of Hormuz remains Iran's strongest card in the short term, despite Tehran's denial of any connection between the Pakistani Army Chief's mission and the visit of the Omani Foreign Minister to Tehran. In the markets, oil prices have fallen despite concerns over supply shortages.
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