April 30, 2026 11:47 AM
Iran Rial hits record low as US blockade tightens pressure
Tensions between the United States and Iran continue to escalate, with Washington signalling it is prepared to sustain a naval blockade of Iranian ports for an extended period, even as the financial cost to the US has crossed 25 billion dollars, according to a Pentagon assessment. US President Donald Trump issued a sharp warning on social media, urging Iran to “get smart,” effectively rejecting a recent peace proposal conveyed through backchannel contacts. Deadlock Over Nuclear Programme ...


