Iran's rial hits record low of over 1 million per US dollar amid economic pressures and internal tensions.
Iran's rial has plummeted to an unprecedented low, surpassing 1 million rials per US dollar, due to various economic challenges such as US sanctions, declining oil r
Iran's rial has plummeted to an unprecedented low, surpassing 1 million rials per US dollar, due to various economic challenges such as US sanctions, declining oil revenues, and inflation. The country is also grappling with internal turmoil and speculation about a potential hike in gasoline prices, leading to heightened tensions. In response to the crisis, President Pezeshkian has advocated for diplomatic discussions with the US to address the situation.