✉news BusinessEconomy first seen 6 h ago, last 4 h ago, peak #19
Iran's rial plunges as oil export crisis deepens
Original: Iran’s currency is getting obliterated as the regime is about to run out of oil to sell and can’t even get its money from customers
Iran's currency, the rial, is falling sharply as the country runs short of oil to sell abroad and struggles to collect payment from existing customers. The report, carried by Yahoo Finance, links the currency's collapse to Tehran's shrinking export revenues, which are squeezing the regime's finances and driving the currency toward new lows.
Why now: Iran's collapsing currency and failing oil revenues are seen as a sign of deepening economic crisis for the regime.
Rank over time, top of the chart is #1. 2 snapshots from 6 h ago to 4 h ago.
Evidence
- Iran’s currency is getting obliterated as the regime is about to run out of oil to sell and can’t even get its money from customers · Yahoo Finance
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