Iran's rial currency hits new record low as US prepares to announce more sanctions

NewsWorldAmericasIran's rial currency hits new record low as US prepares to announce more sanctionsIran’s currency has hit a new record low as Washington prepares to announce new sanctions it said would be an “economic D-Day.”David Rising Monday 24 August 2026 09:35 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":true,"articleId":"e367634d8853c8fa4a341132cd577f31","articleMeta":{"url":"https://www.independent.co.uk/news/world/americas/iran-dubai-united-arab-emirates-washington-strait-of-hormuz-b3038058.html","title":"Iran's rial currency hits new record low as US prepares to announce more sanctions"}}APTOPIX Iran War Strait of HormuzThe latest headlines from our reporters across the US sent straight to your inbox each weekdayYour briefing on the latest headlines from across the USYour briefing on the latest headlines from across the USEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"pianoFieldName":"receiveEveningHeadlinesUSNews","regTitle":"Evening Headlines","subscriptionGroup":"us_evening_headlines","subscriptionGroupId":"4326e634-422a-4447-8e1e-604a937cd3b5","type":"daily_news","pathPrefix":["/us","/news/world/americas","/news/world/americas/crime"],"title":"The latest headlines from our reporters across the US sent straight to your inbox each weekday","mobileTitle":"Your briefing on the latest headlines from across the US","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/usEveningHeadlines1_1.png","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveEveningHeadlines","regSourceSection":"Americas","regSourceNewsletter":"NSC"},"isClimate":false} Iran’s currenc...