Vahid Online in English

19 Aug 2026, 13:13

The upward trend in global oil prices continued amid the increasing uncertainty surrounding the fate of negotiations regarding the reopening of the Strait of Hormuz, with the price of a barrel of Brent crude oil reaching $92 on Wednesday, August 28, a 1% increase compared to the previous day.

On Tuesday, Donald Trump stated, "There are no negotiations or discussions ongoing with the Islamic Republic of Iran, and no negotiations or discussions are planned."
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The price of foreign currencies in the free market in Iran saw a significant increase again on Wednesday, August 28, with the price of the US dollar reaching 191,000 tomans. This is the highest exchange rate of the US dollar against the Iranian rial in the past three weeks.

Reports from currency and gold rate websites indicate that the price of the euro has also surpassed 220,000 tomans once again, and the price of the UAE dirham has crossed 52,000 tomans. On Wednesday, each gold coin was traded for 194 million tomans. The increase in foreign currency and gold prices follows the announcement by the United Arab Emirates to halt any trade and financial transactions with Iran.
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