{"id":2648755,"date":"2026-08-24T06:19:00","date_gmt":"2026-08-24T10:19:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irans-rial-currency-hits-new-record-low-as-us-prepares-to-announce-more-sanctions\/"},"modified":"2026-08-24T06:23:08","modified_gmt":"2026-08-24T10:23:08","slug":"irans-rial-currency-hits-new-record-low-as-us-prepares-to-announce-more-sanctions","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irans-rial-currency-hits-new-record-low-as-us-prepares-to-announce-more-sanctions\/","title":{"rendered":"Iran\u2019s rial currency hits new record low as US prepares to announce more sanctions"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Firans-rial-currency-hits-new-record-low-as-us-prepares-to-announce-more-sanctions%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2648755&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Iran&#8217;s currency has reached a historic low,dropping to 2.02 million rials per U.S. dollar on informal markets, amid impending U.S. sanctions deemed an \u201ceconomic D-Day\u201d to intensify pressure on Iran&#8217;s already struggling economy.Despite official rates at around 1.5 million rials, most Iranians transact at the lower informal rate. Prior to these developments, Iran&#8217;s currency was under severe pressure due to ongoing sanctions, the U.S.adn Israel attack on February 28, and nearly six months of war impacting the country\u2019s economic stability. <\/p>\n<p>Efforts to negotiate relief include discussions between Iran and oman over joint management of the Strait of Hormuz, a vital waterway crucial for global oil trade, which Iran and Oman are close to finalizing. The U.S. has increased sanctions efforts, with Treasury Secretary Scott Bessent warning of stronger measures targeting countries that continue to trade with Iran-actions that Iran\u2019s authorities have condemned as acts of war. Meanwhile, the united Arab Emirates has suspended all trade with Iran, further isolating the country economically, despite being one of Iran\u2019s largest trading partners. Iran\u2019s leadership, including the supreme National Security Council, has responded strongly to U.S. sanctions, viewing support for such measures as a declaration of war.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">DUBAI, United Arab Emirates (AP) \u2014 Iran\u2019s currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an \u201ceconomic D-Day\u201d and would add further pressure on an <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/iran-economy-sanctions-inflation-73b0278a0307030588cac9f47b3443e0\">economy already battered<\/a> by previous sanctions and a U.S. naval blockade.<\/p>\n<p class=\"wp-block-paragraph\">The rial dropped to 2.02 million to the U.S. dollar as trading opened on informal currency markets. Iran\u2019s official Central Bank rate stood at around 1.5 million rial to the dollar, but the informal rate is what most Iranians pay.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4697850\/us-military-kills-two-in-lethal-kinetic-strike-in-pacific-ocean\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>US military kills two in \u2018lethal kinetic strike\u2019 in Pacific Ocean<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4697835\/enes-kanter-freedom-ejected-wnba-game\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Enes Kanter Freedom ejected from WNBA game after courtside confrontation with WNBA player<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4678249\/september-supplemental-security-income-nine-days\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>September Social Security direct payment worth $994 goes out in nine days<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">The currency had already been under pressure before the U.S. and Israel <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/iran-us-explosion-tehran-c2f11247d8a66e36929266f2c557a54c\">attacked Iran on Feb. 28<\/a>, with double-digit inflation and negative growth, but has been hitting new record lows as nearly six months of war have taken an even greater toll.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">Still, U.S. President Donald Trump has been unable to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/iran-us-war-diplomacy-deal-deadline-nuclear-258e9c556fc861c05ccf6ed2b38515d6\">win concessions from Iran<\/a>, which continues to keep a firm grip on shipping through the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/the-worlds-most-important-21-miles-0000019d2fbfd29daffdefffc72e0000\">Strait of Hormuz<\/a>, the key waterway through which a fifth of the world\u2019s traded oil transited freely before the war began. Iranian attacks and threats have severely hampered that traffic during the war.<\/p>\n<p class=\"wp-block-paragraph\">Iran and Oman, which is on the opposite side of the strait, are reportedly in the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/iran-us-war-strait-hormuz-oman-diplomacy-6587f90f2ab5beec373ce5fabf637541\">final stages of agreeing upon a plan<\/a> for joint management of the waterway, which regional officials have said would include having ships to enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman.<\/p>\n<p class=\"wp-block-paragraph\">Trump has been sharply critical of Oman, an American ally, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/mideast-oman-explainer-trump-threat-iran-097224f5a65b66d7fa3dab4862b5a45e\">threatening to bomb the country<\/a> if it \u201cgets in the way.\u201d<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Oman\u2019s foreign minister was to visit Iran on Tuesday for new talks.<\/p>\n<p class=\"wp-block-paragraph\">In an attempt to break the impasse with Iran, U.S. Treasury Secretary Scott Bessent <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/iran-war-trump-sanctions-economic-fury-oil-d28206ea288a3d4a9b82260ab44ce460\">promised even stronger sanctions<\/a> than those already in place would be announced Monday, including secondary sanctions on countries that continue to do business with Iran.<\/p>\n<p class=\"wp-block-paragraph\">\u201cPresident Trump decimated Iran\u2019s economy to a point where the rial has never been weaker and inflation has rarely been higher,\u201d Bessent wrote Sunday in an opinion piece in the Financial Times. \u201cThe regime\u2019s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.\u201d<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Already last week, the United Arab Emirates announced that it was <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/iran-united-arab-emirates-trade-august-19-2026-47c95fe382c49289ab0419310b6d8057\">suspending all trade<\/a> with Iran. Trump had called the leader of the UAE, Sheikh Mohammed bin Zayed Al Nahyan, the day before the announcement.<\/p>\n<p class=\"wp-block-paragraph\">The UAE has long been one of Iran\u2019s largest trading partners and its biggest source of imports, as well as a major re-export and financial hub for Iranian businesses.<\/p>\n<p class=\"wp-block-paragraph\">Following Bessent\u2019s remarks, Mohsen Rezaei, the hard-line leader of Iran\u2019s Supreme National Security Council, said in a post on X that any country\u2019s support for new American economic measures would be seen as an \u201cact of war.\u201d<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/author\/david-rising\"><\/a><\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-4\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-4\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-25\" data-wex-ad=\"art-dsk-inart-4\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iran&#8217;s rial hits record low amid new US sanctions announcement<\/p>\n","protected":false},"author":2634,"featured_media":2648756,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/08\/IranRialCurrency.webp?w=696","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[51226,3823,84569],"class_list":["post-2648755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-currency-2","tag-iran","tag-rial"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/08\/IranRialCurrency.webp?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2648755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2634"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2648755"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2648755\/revisions"}],"predecessor-version":[{"id":2648759,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2648755\/revisions\/2648759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2648756"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2648755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2648755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2648755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}