Iran's rial hits record low against US dollar due to sanctions and geopolitical tension.

Iran's currency, the rial, hit a record low of over 1 million to the US dollar due to US sanctions and geopolitical uncertainty. The sanctions, part of President Trump's "maximum pressure" campaign, have led to an inflation rate of about 40% annually. Iranians are converting their savings into US dollars, other hard currencies, and gold, further devaluing the rial. This economic strain comes amid fears of potential conflict and opposition from hardline groups within Iran.