Iranian Rial Slumps Amid Trump's Economic Pressure Campaign

The Iranian rial has hit a record low of 2.02 million to the dollar, setting the stage for President Donald Trump's economic pressure campaign against Iran.

As part of his 'economic D-Day' strategy, Trump is pushing for a war-ending deal that includes ensuring Iran never develops a nuclear weapon and securing free passage for commercial shipping through the Strait of Hormuz.

The renewed economic pressure on Iran will include a fresh round of sanctions, with U.S. Treasury Secretary Scott Bessent promising 'the toughest sanctions in history.'

A weak Iranian economy has already been weakened by previous sanctions and a blockade that has made it difficult for Iran to export oil.