Iran's rial has collapsed to a record 2.25 to 2.35 million per dollar as inflation hits 84%, while Trump's and Pezeshkian's envoys explore a reconciliation meeting in Oman during the UN General Assembly session in New York.
President Trump told the UN General Assembly he faces a “big decision” on whether to “annihilate” Iran or seek a deal to end the US-Israeli war. Source
Presidents Trump and Pezeshkian are both in New York this week for the 81st session of the UN General Assembly, and low-level contacts are underway to revive a diplomatic track that broke down in August. Trump used his September 22 address to lay out a blunt binary: Iran cuts a deal, or it gets "annihilated." Tehran's delegation is working mediators toward a possible reconciliation meeting in Oman later this month, its third real shot at an off-ramp after the April ceasefire and the June memorandum of understanding both collapsed within weeks.
