Iran’s rial has fallen past two million to the US dollar as fuel cuts and blackouts deepen economic pressure and political infighting. The currency’s decline threatens to raise the cost of imported goods and worsen already difficult conditions for households and businesses. Disruptions to fuel and electricity supplies are adding to public frustration, while political factions blame one another for the crisis. The developments could intensify debate over economic management, sanctions, energy policy, and the government’s ability to restore stability.
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