Iran's Rial Plummets as Sanctions Escalate | Tulsa News

Tulsa News Today | 2 Min News | The Daily News Now! · Aug 24, 2026 · 1m

Iran’s rial plummets to record lows as U.S. sanctions intensify in what officials call “economic D-Day,” crippling an already fragile economy amid war-driven disruptions. Despite Trump’s threats, Iran clings to control of the Strait of Hormuz — a vital global oil artery — while quietly nearing a joint management deal with Oman, defying U.S. hostility. Treasury Secretary vows unprecedented penalties on nations still trading with Tehran, but Iran warns any supporter will be treated as an enemy. The UAE has already cut all ties, escalating isolation for Tehran as Washington pushes harder. Listen…