Trump tightens US naval blockade as Iranian rial collapses to record low
The Iranian rial has fallen to a record low of 1.8 million per US dollar amid a tightening US naval blockade under the Trump administration, which aims to maximize economic pressure on Iran. The currency's collapse has accelerated inflation and weakened purchasing power, with food and imported goods prices surging sharply. The White House confirmed plans to sustain the blockade for months, rejecting Iran's offer to reopen the Strait of Hormuz in exchange for lifting the siege.
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