Iran’s rial weakened further on Tehran’s free market on Tuesday, days after the reimposition of UN snapback sanctions, trading at 1,133,000 per dollar, 1,330,300 per euro and 1,522,900 per pound, according to local exchange rates.
An Iranian lawmaker said on Tuesday that the price of resisting Western pressure was “far less” than compromise, as Tehran faces renewed sanctions under the snapback mechanism.
Mohammad Sadat Ebrahimi, who represents Shushtar and Gotvand, told parliament that Iran “will never bow to aggressors” and that yielding would legitimize Israel and undermine national sovereignty, state media reported.
He praised President Masoud Pezeshkian’s stance at the United Nations and said Iran, unlike Afghanistan or Libya, would not surrender to US demands.
He added that with unity and support from neighboring states, the impact of sanctions could be neutralized within months.
Iran’s armed forces chief of staff said the country’s naval units were at an “extraordinary level of readiness” for any potential future conflict, state media reported on Tuesday.
Major General Abdolrahim Mousavi, inspecting army and Revolutionary Guard naval forces in Hormozgan province, said “very significant steps” had been taken in the short period since the recent 12-day war.
An Iranian lawmaker said on Tuesday that the reimposition of UN sanctions under the snapback mechanism has pushed consumer prices up by as much as 30% but argued that the impact could be contained through effective management.
Alireza Nesari, a member of parliament’s construction committee, said that while the sanctions’ economic effects were “clear and visible,” Iran was familiar with such measures and had “good practice” in coping with them.
“The art of officials is to preserve internal unity and make conditions bearable for people,” he said, urging the government to secure basic goods, control currency and gold prices, and support households with food, housing, jobs and family incentives.
Nesari warned that failure to control inflation could trigger social unrest, and called on supervisory and security bodies to curb profiteering.
“If the government does not manage economic and livelihood conditions, people will certainly protest,” he said.
