Trump tightens US naval blockade as Iranian rial collapses to record low

May 1, 2026 - 00:00
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Trump tightens US naval blockade as Iranian rial collapses to record low
The latest drop follows a currency shock several months ago, when the rial fell from around 1.4 million to 1.6 million per US dollar in under a week, as the war moves turns into an economic clash to exhaust the Iranian regime' options.