Iran’s Currency Crisis Deepens as War Batters Economy
OilPrice.com1 min read
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Iran's currency has fallen to a record low against the US dollar as the two-month-long conflict rattles the country's sanctions-hit economy.
Air strikes by the United States and Israel, launched at Iran on February 28, along with the American naval blockade on Iranian ports and vessels, have disrupted Tehran's vital oil exports, hampered domestic production, and fueled inflation.
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Original source: OilPrice.com