Iran's rial currency collapses as US prepares new sanctions

Iran's economy is in turmoil as the rial currency has dropped to a record low of 2.02 million rials per US dollar. This decline coincides with the US preparing to announce new sanctions, which are expected to be among the toughest yet against Tehran. The rial's fall reflects ongoing economic challenges, including double-digit inflation and rising prices for essential goods, as the country grapples with the impact of previous sanctions and a naval blockade.