Iran’s currency hits all-time low as western sanctions take their toll

Under Western sanctions, Iran’s currency, the rial, hit an all-time low, and the country is suffering from the worst financial crisis since the Iran-Iraq war, the Guardian reports. “With the Iranian economy crumbling under escalating western sanctions, the rial was sent into a tailspin on Monday, dropping by more than 15% to its lowest-ever level against the dollar.”