- Iran’s currency plunged to a record low on informal markets (about 2.02 million rial per USD), worsening inflation and everyday hardship for Iranians.
- The U.S. is set to impose even tougher “economic D‑Day” sanctions, including penalties on countries that keep trading with Iran; the UAE has already suspended trade.
- Iran and Oman are reportedly close to a deal to jointly manage the strategic Strait of Hormuz — a move made more tense by President Trump’s public threats toward Oman.
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