Iranian Rial Falls to an Unprecedented Level of 1.5 Million per Dollar

Iranian Rial Falls to an Unprecedented Level of 1.5 Million per Dollar
Iranian Rial Falls to an Unprecedented Level of 1.5 Million per Dollar
The Iranian rial fell to a record low of 1.5 million rials per U.S. dollar on Tuesday, according to Reuters, citing Iranian newspapers.

Several Iranian currency-tracking websites reported that the rial plunged to this level amid weeks-long protests triggered by the currency’s sharp depreciation.اضافة اعلان

This comes amid reports that the administration of U.S. President Donald Trump is considering the possibility of imposing a naval blockade on Iran to prevent it from exporting oil, similar to measures taken against Venezuela, according to Israeli media.

The U.S. military also announced the arrival of the aircraft carrier USS Abraham Lincoln and its strike group in the Middle East, significantly boosting U.S. firepower in the region amid escalating tensions with Iran.

The arrival of the U.S. aircraft carrier and its accompanying warships in the Middle East coincides with rising tensions with Iran and warnings of a potential war in the coming period, which could affect neighboring countries and destabilize the region.