Iranian Rial Hits New Low (~228,000 Tomans/$1) as Domestic Gasoline Shortage Deepens

Iran's currency crisis deepened further, with the US dollar reaching approximately 228,000 tomans (2.28M rial) on the open market — a new record low — driving inflation that is 'directly affecting household purchasing power, production, and employment' per Iranian economic reporting. Domestic gasoline consumption now exceeds 148 million liters/day of production capacity, with the naval blockade complicating fuel-import workarounds. Housing costs have doubled in some Tehran neighborhoods, forcing families to cut back on nutrition and education spending. Iran's Economy Minister Ali Madanizadeh said reform responsibility lies with Tehran, 'not with the US Treasury,' as Washington's sanctions campaign continues.