Iran's Rial Crashes to New Low as Oil Exports Disrupted

Iran's currency crisis deepened as the rial hit another historic low against the US dollar, crossing 2.5 million in Tehran's trading market on Tuesday.

This marks a fresh record and highlights the country's deteriorating financial position, with inflation approaching 90% and GDP expected to contract by 5.4% this year.

The US naval blockade has severely disrupted Iran's oil exports, which account for approximately one-third of the government's state budget and are also an important source of funding for the Islamic Revolutionary Guard Corps.

Kpler estimated that the remaining 90 million barrels of crude oil are expected to run out by mid-October, leaving Iran facing a critical test of how long it can sustain its finances under continued US pressure.