Rial Reaches Record Low as US Unleashes 'Economic D-Day' Against Iran

The Iranian rial hit a record low on Monday as the US prepares to impose new sanctions. The currency dropped to 2 million rials per US dollar, marking its lowest point yet.

Treasury Secretary Scott Bessent has described the measures as the 'greatest financial offensive ever marshaled against an adversary.'

The sanctions are expected to target countries that continue doing business with Tehran. This could include actions against China, a major buyer of Iranian energy.