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Iranian Rial Plunges to Record Low as Blockade Squeezes Oil Exports

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • The Iranian rial plunged to historic lows amid ongoing conflict and a US naval blockade restricting oil exports.
  • Iran's central bank announced a $2 billion market intervention as severe inflation and surging domestic gold demand highlight mounting regional economic and geopolitical turmoil.
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4323.00 -9.17% over the displayed period

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