Iranian Rial Collapses Amid Naval Blockade
The Iranian rial has plummeted to a record low of 1.81 million to the US dollar as a tightening US naval blockade cripples the nation’s economy. While the currency saw a brief, minor recovery from its intraday trough, the trajectory remains catastrophic. Just one year ago, the rial traded at roughly 811,000 per dollar. This…