Iran is facing a worsening economic crisis as the Iranian rial has plunged beyond the historic 2 million mark against the U.S. dollar on the open market. The sharp currency collapse comes amid renewed international pressure, escalating sanctions, and growing concerns over inflation and economic instability. President Masoud Pezeshkian has acknowledged the hardships facing ordinary Iranians, describing the situation as a full-scale economic and security war. As businesses and households struggle with rising prices and a weakening currency, questions are mounting over Iran's economic future and its ability to withstand mounting external pressure.

Iranian Rial hits historic low: Pezeshkian admits Iran faces 'many problems' 

Iran's economy is facing a severe crisis as the national currency, the rial, continues its sharp decline. Since July 2024, the rial has lost nearly 50% of its value, trading at over 900,000 to the US Dollar.

91 Iranian lawmakers sign motion to dismiss economy minister

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Iranian Rial hits historic low: Pezeshkian admits Iran faces 'many problems'

91 Iranian lawmakers sign motion to dismiss economy minister