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Iran’s Currency Feels the Squeeze as Trump Intensifies Rhetoric

  • Rial weakens to lowest in more than six months on black market
  • Drop may worsen problems of economy crippled by U.S. sanctions
A briefcase filled with Iranian rial banknotes at a currency exchange market in Tehran.
Photographer: Ali Mohammadi/Bloomberg

Iran’s currency is feeling the pain of rising tension with the U.S.

The rial weakened to its lowest level in more than six months on the black market following the killing of Qassem Soleimani, one of Iran’s most senior commanders, by the U.S.