US President Trump Maintains Naval Blockade on Iran as Rial Hits Record Low
The United States has intensified its naval blockade of Iran, with President Donald Trump confirming no plans to lift the siege amid ongoing economic turmoil.The blockade, in place since late February, aims to exert maximum economic pressure on the Iranian regime.On April 30, the Iranian rial plummeted to a historic low of 1.8 million rials per US dollar, marking a significant depreciation since the conflict began.The euro also traded at 2.1 million rials, reflecting the accelerated collapse of the currency.This currency freefall has exacerbated Iran's inflation crisis, with annual inflation reaching 53.7% in the first month of the Iranian calendar... [Continue Reading]
360LiveNews | 30 Apr 2026 15:31 LONDON
