Iran's rial reached a record low against the US dollar, trading above 2.5 million rials per dollar on September 29, driven by a US naval blockade that disrupted the country's oil exports. This blockade has pressured Iran's economy, which the International Monetary Fund projects to contract by 5.4% in 2026. Despite 15 million barrels of oil outside the blockade zone expected to clear by mid-October, the overall supply disruption adds uncertainty to Iran's economic outlook.
Iran's rial is the story's subject, with Pluang market data providing context. For readers following cryptocurrency markets, 44 of 50 major cryptocurrencies rose today. EOS rose 8.13% to Rp12.649, CRV rose 8.02% to Rp6.826 with 71% sell orders, and YFI rose 7.55% to Rp47.366.570 with 82% sell orders. Data is as of Oct 04, 2026 04:51 WIB.
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