Iran raises gas prices amid blockade

The Iranian authorities have announced the doubling of the price for the third tier of automotive fuel for major consumers, raising it to 10,000 tomans per liter from 5,000 tomans, starting September 8. This change comes amid the deterioration of the Iranian rial's value, which has reached 2.2 million rials per dollar in the black market, due to American sanctions and a maritime blockade aimed at reducing Iranian oil exports. These measures have increased economic pressures and inflation in the country.

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