Iran rial hits record low above 2.5M/USD as war strains economy

Iran's rial has fallen to a new all-time low, trading above 2.5 million per dollar in Tehran, surpassing the previous record of 2.2 million. The depreciation has accelerated since the conflict began in February, reflecting deepening economic strain from war-related costs and sanctions. The currency's collapse signals intensifying inflationary pressure and potential social instability, though official data is limited.