9 Hrs
Source:
Newsday
Iran rial reaches new low ahead of US sanctions
Iran’s currency has reached a record low amid escalating sanctions from the U.S., which plans to implement additional measures considered an “economic D-Day.” The rial fell to 2.02 million to the U.S. dollar on informal markets, worsening Iran’s economic crisis amid ongoing conflict and threats to maritime traffic through the Strait of Hormuz. Regional negotiations continue over joint management of the waterway, while Iran's government warns of potential retaliation against countries supporting U.S. sanctions.
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