Hussain Hazbavi 
Iran’s currency fell sharply on Thursday amid reports that European nations are preparing to trigger the return of United Nations sanctions, intensifying economic pressure on Tehran and fueling uncertainty over its nuclear program.
The rial was quoted at around 1,030,000 per U.S. dollar on the open market, according to local reports — down from 957,000 last week — extending a steady decline in recent weeks.
Reuters reported that Britain, France, and Germany could launch the snapback mechanism as early as Thursday, after Iran failed to resume nuclear talks or restore cooperation with the International Atomic Energy Agency. The three governments had set a late August deadline earlier this month.
