The Iranian rial has fallen to a new record low against the dollar, with annual inflation surging to 128% and workers staging strikes over the worsening cost-of-living crisis, according to a report by The Jerusalem Post.
The Iranian rial has reached a new all-time low amid accelerating economic distress, according to a report published Saturday by The Jerusalem Post. The currency's decline is accompanied by a surge in annual inflation to 128%, widespread strikes by workers, and a deepening fuel crisis that has exacerbated living conditions across the country.
The report adds to a long-running pattern of deterioration in Iran's economy. As The Zioneer has previously documented, inflation has repeatedly climbed above 80% since mid-2026, with food prices surging by over 130%. The rial crossed the psychological threshold of 2 million per dollar in late August and has continued to slide. The United States has maintained heavy sanctions, described by Treasury Secretary Scott Bessent as an "economic D-Day," aimed at maximizing financial pressure on the regime.
The current report indicates that the situation is now having direct social consequences, with labor unrest becoming a visible manifestation of the crisis. The exact scale of the strikes and the timing of the record low were not independently confirmed.
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