[Middle East Tensions Escalate, Iranian Rial Exchange Rate Drops to Historic Low of 2.5 Million per USD]
Tensions in the Middle East have escalated, with multiple vessels targeted in Erbil, Iraq, and the Strait of Hormuz. The U.S. Treasury has imposed sanctions on 10 entities involved in Iran's defense logistics. The Houthi forces claim that Saudi Arabia has conducted 35 airstrikes recently, bringing the total to over 1,158. Qatar is mediating to establish common ground between the U.S. and Iran, with Iran setting conditions awaiting a U.S. decision. The Iranian Revolutionary Guard has declared that there are no longer any U.S. warships in the Persian Gulf, while U.S. Secretary of State Rubio stated that the strait remains navigable. The Iraqi military confirmed that U.S. forces will complete their withdrawal by the 30th. Due to geopolitical tensions, the Iranian Rial exchange rate has plummeted to a historic low of 2.5 million per 1 USD. The Iranian Parliament Speaker warned that if Tehran is unable to sell oil, regional countries should also not export, and the lack of security will threaten regional infrastructure. (Source: Jintou Data)
