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Iran's Rial Plummets as Sanctions Mount | Philadelphia News
Iran’s rial hits a record low as U.S. sanctions intensify, crushing an economy already reeling from inflation and negative growth—basic goods like rice and beef soar in price. The Strait of Hormuz conflict disrupts global trade, with Iran reportedly seeking tolls for shipping passage, escalating tensions ahead of U.S. elections. IMF forecasts GDP contraction over 5%. Meanwhile, Oman may soon join Iran in jointly managing the strait, while UAE suspends all trade and Pakistan sends peace talks—yet resolution seems distant amid deepening economic despair. Listen in comfort:Get a discount on a…
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