Iran's currency hits record low amid escalating tensions with US
Iran's rial has experienced a significant depreciation, reaching an all-time low of over 1 million rials per US dollar. The downturn is attributed to ongoing economic pressures, including US sanctions, reduced oil sales, and inflation. Internal unrest and rumors of increased gasoline prices have intensified tensions. President Pezeshkian calls for equal dialogue with the US amid the crisis.
Iran's rial has experienced a significant depreciation, reaching an all-time low of over 1 million rials per US dollar. The downturn is attributed to ongoing economic pressures, including US sanctions, reduced oil sales, and inflation. Internal unrest and rumors of increased gasoline prices have intensified tensions. President Pezeshkian calls for equal dialogue with the US amid the crisis.
