Iran’s rial collapses to 2 million per USD as sanctions slam living costs
TL;DR Summary
Under new sanctions, Iran’s rial collapsed past 2 million per USD, triggering sharp price hikes for basics (tomatoes +71%, chicken +74%, cooking oil +177%) and life-saving meds (insulin +642%, paracetamol +93%, baby formula +95%), leaving families struggling to cover everyday needs as wages lag behind inflation; businesses report falling demand and risk of bankruptcy as the cost of living soars.
- One US dollar now costs 2 million rials in Iran, and here’s what it can buy Al Jazeera
- Opinion | I was a U.S. diplomat for 20 years. Now I see how the Iran war could be won. The Washington Post
- The Morning Risk Report: Bessent’s D-Day Unlikely to Be Game Changer WSJ
- What to Know About Bank Melli, Singled Out in U.S. Call for Economic War The New York Times
- China hits out at 'illegal' new US sanctions on Iran and trading partners BBC
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