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Euronews

Alain Chandelier

US dollar hits record high in Iran as rial weakens amid renewed regional conflict

United States Iran US Dollar Inflation Euro

The US hit a record high against the Iranian rial in Tehran's free market on Saturday, surpassing 1.94 million rials as mounting military and political tensions fueled a fresh sell-off in Iran's currency and heightened concerns over another wave of inflation.

The dollar traded at 1.941 million rials, marking a record high and an increase of 32,000 rials, or 1.67%, from the previous day's unofficial closing rate.

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