Iranian Currency Hits Record Low Amid Ongoing War with US

The Iranian rial has hit an all-time low of over 2.5 million to the US dollar, further eroding the country's economic stability amid its ongoing war with the United States.

This marks a new record low for the currency, which has been plummeting since February when the conflict began. Just 27 days ago, it had reached a previous record of 2.2 million to the dollar on September 2.

The Iranian economy has been under duress for years due to international sanctions, but the US naval blockade and new sanctions imposed since the start of the war have sent it into free fall.