Iranian rial hits record low of 2.02 million against US dollar amid threat of new Trump sanctions — Here's what we know
The Iranian rial fell to a record low of 2.02 million against the US dollar amid threats of new sanctions from the US. US Treasury Secretary Scott Bessent warned of an impending 'economic D-Day' aimed at isolating Iran's economy, which is already struggling with inflation and negative growth. Iran plans to enhance trade with China to counter US pressure.