Iran's rial currency hits new record low as U.S. prepares to announce more sanctions
Iran's currency hit a record low Monday as Washington prepared to announce new sanctions it said would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade.
TL;DR
- Iran's currency hit a record low on Monday.
- The U.S. is preparing to announce new sanctions against Iran.
- These sanctions aim to add pressure to an economy already suffering.
- The Iranian economy has been battered by previous sanctions and a U.S. naval blockade.