Iran's Currency Plummets as US Prepares Economic Offensive

The Iranian rial has hit an all-time low against the US dollar, trading at about 2.02 million to the dollar on Monday, according to Bonbast.com.

This is down from 1.53 million in early March, shortly after the war broke out between Iran and its adversaries.

Treasury Secretary Scott Bessent has threatened Iran with an 'economic D-Day', saying Washington is entering the end game in the conflict.

The US is planning 'the single greatest financial offensive ever marshalled against an adversary', he wrote in an article published on Monday in the Financial Times.