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