'This is how the war will end': Iran's currency hits new record low

Key Points:

• The Iranian rial recently hit a new record low against the dollar, dropping to 2.2 million to the dollar just weeks after a previous record, due to ongoing international sanctions and a U.S. naval blockade on Iranian oil amid the war.
• Iran’s Foreign Minister Abbas Araghchi indicated that indirect negotiations with the U.S., mediated by Qatar and Pakistan, are progressing with a focus on reopening the strategic Strait of Hormuz, though a U.S. response is still pending.
• The Iranian Revolutionary Guard Corps urged ordinary Americans to protest the U.S. war against Iran ahead of the U.S. midterm elections, framing the conflict as a struggle against U.S. economic and military aggression.
• Despite Iran’s calls for negotiations, U.S. President Donald Trump and officials maintain that Iran’s economy is collapsing under sanctions and the blockade, predicting Tehran will eventually be forced to concede.
• U.S. Secretary of State Marco Rubio emphasized that sanctions and the blockade aim to cut off Iran’s funding for weapons and nuclear development, portraying these measures as necessary to protect global and American security.