Overview

• Iran’s rial has surpassed 1 million per U.S. dollar, marking its lowest value in history and signaling worsening economic instability.
• The currency’s decline reflects the impact of U.S. sanctions under President Trump’s renewed 'maximum pressure' campaign targeting Iranian oil exports.
• Political fallout continues in Iran, with President Masoud Pezeshkian under mounting pressure after the impeachment of his finance minister in March.
• Public frustration grows as inflation erodes savings, prompting Iranians to turn to hard currencies, gold, and other assets to preserve wealth.
• Geopolitical tensions remain high, with U.S. airstrikes on Iranian-backed forces in Yemen and stalled diplomacy straining relations further.