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News Wire / economy

US Estimates 4.8 Billion Dollar Iranian Loss

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The US dollar reached a record high against the Iranian rial on Tuesday. Experts warn that the currency's decline could further fuel inflation across various sectors, including food, medicine, electronics, and raw materials. The depreciation is impacting the cost of living and consumer purchasing power. President Trump is reportedly using this economic pressure as part of a strategy to increase pressure on Iran. This strategy includes targeting Iranian oil revenues and intercepting shadow fleets heading to China to block funding for the Revolutionary Guard. The administration considers these measures to be effective since the start of the current pressure campaign in mid-April. The Iranian rial has fallen to a value of 1.3 million rials per one US dollar. This currency devaluation occurs amid political developments involving former US President Donald Trump in Florida.

The US dollar reached a record high against the Iranian rial on Tuesday. Experts warn that the currency's decline could further fuel inflation across various sectors, including food, medicine, electronics, and raw materials. The depreciation is impacting the cost of living and consumer purchasing power. President Trump is reportedly using this economic pressure as part of a strategy to increase pressure on Iran. This strategy includes targeting Iranian oil revenues and intercepting shadow fleets heading to China to block funding for the Revolutionary Guard. The administration considers these measures to be effective since the start of the current pressure campaign in mid-April. The Iranian rial has fallen to a value of 1.3 million rials per one US dollar. This currency devaluation occurs amid political developments involving former US President Donald Trump in Florida. The source noted the currency's decline in the context of upcoming midterm election preparations and Republican candidate support. The US Department of Defense estimated Iranian losses at 4.8 billion dollars due to the American blockade in the Persian Gulf, according to Axios. The Pentagon reported the blockade has caused a logistical crisis, leaving Iranian land-based storage facilities filled to capacity. Consequently, Iran has begun using older tankers as floating storage vessels to manage oil supplies.

Topics

currency inflation exchange rate

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Sources · 7 independent

Iran International

“the price of the dollar in the free market has reached 166,000 rials, which is higher than any historical record.”

Iran International

“the price of the dollar in the free market has reached 166,000 rials, which is also a historical record”

Iran International

“the price of the dollar in the free market has reached 166,000 rials, which is also a higher historical record”

Iran International

“the price of the dollar in the market has reached 166,000 rials, which is also higher than the historical records... the dollar has increased by 5,000 rials since yesterday.”

Iran International

“the dollar in the market is very low... we see that they are putting pressure on the currency market... because the south has been under sanctions.”

Iran International

“we see that they are putting pressure on the currency market... because the south has been under sanctions.”

Iran International

“In the free market, despite the low liquidity of transactions, US dollar exchange rate transactions increased by more than 5,000 toman from the previous day to the range of 164,000 toman.”

Iran International

“The US dollar rate in Iran on Tuesday faced a severe increase, reaching its highest official rate. In the free market, the US dollar rate rose by more than 5,000 tomans compared to the previous day to the range of 164,000 tomans.”

Radio 24

“Secondo l'economist Il Rial, cioè la moneta iraniana, ha perso l'ottopercento del suo valore rispetto al dollaro sul mercato nero dall'inizio della guerra”

Sky News Arabia Radio

“السعر الصرف في إيران تجاوز مليونا وخمس مئة ألف ريان للدولار الواحد بعد أن فقدت العمل 60% من قيمتها في أشهر قليلة”

Mastodon

“בצל המצור: הריאל האיראני הגיע לשפל היסטורי ועומד על 1.8 מיליון לדולר אחד”

Mastodon

“Iran currency sinks to all-time low of 1,760,000:1 v. US dollarRial has lost almost 10% in value since last week”

Mastodon

“Iran’s rial currency hits record low as shaky ceasefire with US and Israel still holds”

BFM Radio

“c'est la Mille d'Iran, 1$ équivalent 1,8 million de réelles. Ça qui n'est jamais arrivé.”

RFI Monde

“En 3 semaines, on a recensé l'exécution de 9 personnes. Cela va très vite. 22 personnes arrêtées durant les manifestations ont été condamnées à mort.”

RFI Monde

“Et d'après les Nations Unies, depuis le début de la guerre, 4000 personnes ont été arrêtées en Iran. [...] En 3 semaines, on a recensé l'exécution de 9 personnes.”

Mastodon

“Iran’s rial currency hits record low as shaky ceasefire with U.S. and Israel holds”

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