Updated

Iran's rial fell to a fresh low, trading around 2.69 million to the US dollar, as the central bank injected up to $2 billion to prop up the currency. President Masoud Pezeshkian said new emergency economic measures were in place to manage 'special conditions' created by intensified US sanctions and a naval blockade, which he said were designed to 'cut off the country's vital arteries.' The currency slide underscores the deepening economic strain on Iran from the sanctions regime and blockade, even as officials insist the government has adapted countermeasures to sustain the economy.