Iranian Rial Hits Record Low Amid Ongoing Tensions
The Iranian rial has hit a new record low against the US dollar, trading at over 2.5 million to one, amid ongoing tensions in the Middle East.
This is the latest decline for Iran's currency, which has repeatedly reached new lows since the start of the war in February.
The Iranian economy has been under pressure due to international sanctions, and the US naval blockade on Iranian oil has exacerbated the situation.