Iran’s rial has hit a new all-time low against the U.S. dollar, falling to more than 2.5 million per dollar, representing a 170% plunge since August 2025. Inflation is near 90%, GDP is expected to shrink 5.4% this year, and the country didn’t load any oil at its export terminals for the first time since the 1979 Islamic revolution. The 90 million barrels in tankers at the time of the U.S. naval blockade in mid-July will run out by mid-October, depriving the regime of its former primary source of hard currency. Iranian President Masoud Pezeshkian said the regime’s money in China is blocked, while Secretary of State Marco Rubio warned that Iran was heading toward an economic ‘cataclysm’.
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