Iran's rial sinks to record low amid US naval blockade

10 articles · Updated · Bloomberg · Apr 29

The rial fell to 1.8 million per US dollar on Wednesday, dropping 12% this week according to Bonbast.com.
The US naval blockade has disrupted Iranian oil exports, intensifying pressure on the country's economy and currency.
The sharp depreciation highlights the growing economic strain on Iran as access to vital export revenues is restricted.

Beyond oil prices, how is the blockade creating a humanitarian crisis for 88 million Iranians?

How will the new, more aggressive leadership in Tehran retaliate as its economy collapses?

With Iran's oil storage at its absolute limit, what happens the day it finally runs out?

Will this unprecedented pressure push Iran to finally cross the nuclear weapons threshold?

Is a global recession now inevitable with the world's most critical oil artery closed?

How are Asian and European economies coping with the sudden loss of nearly 20% of their LNG supply?