Iranian rial falls to new lows as war and blockade deepen economic crisis
Six months after war broke out between the United States and the Islamic Republic of Iran, the country's economic strain has intensified sharply. The Iranian rial has continued to slide, reaching new lows as households face rising prices and tighter budgets. The latest deterioration comes amid an ongoing war and a reinstated US naval blockade, both of which have disrupted daily life and trade.According to free-market currency data cited in the supplied material, the rial has fallen from about 1.45 million per US dollar in March 2026 to more than 2.1 million by early September. By Thursday, the free-market dollar... [Continue Reading]
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