Iran rial hits record low against dollar amid US blockade

Middle East Eye · April 29, 2026 Sanctions

Iran rial hits record low against dollar amid US blockade The Iranian rial plummeted to a record low against the dollar on Wednesday, according to currency-tracking websites, as a US naval blockade of the country's ports continued. On the black market, the rial was trading at around 1. 8m rials against the dollar, the Bonbast and AlanChand websites reported.