Morning Business Report: Iran’s currency hits record low as oil prices rise and Fed holds rates steady
The Iranian rial fell Wednesday to 1.8 million to one U.S. dollar as a fragile ceasefire between Iran.
(LILAMAX)- Iran’s economy is facing mounting pressure as the country’s currency plunged to a record low amid ongoing tensions with the United States and Israel. The Iranian rial fell Wednesday to 1.8 million to one U.S. dollar as a fragile ceasefire between Iran, the U.S. and Israel continued to hold. Economic strain has intensified as the United States maintains a…