A man exchanges Iranian rials against US dollars at an exchange shop in Tehran (file). Iran's currency has dropped to a record low of more than 2.2mn rials per US dollar, two websites tracking the free market rate showed on Wednesday, amid renewed military strikes, reports Reuters. T
he rial has dropped about 10% in the past week. The troubled currency has lost about half of its value in a year of tightening US sanctions and US and Israeli attacks that began in February. The US threatened more devastating strikes. Treasury Secretary Scott Bessent said Washington was looking at targeting airlines, the maritime industry and digital assets as part of a campaign to increase economic pressure on Tehran.