Trump: Iran's currency in free fall

The Iranian currency experienced a historic decline, exceeding 2 million rials per dollar, as Iran's inflation rate reached 300%, rendering the currency virtually worthless. The American president confirmed that Iranian oil exports have sharply decreased and that the amount of oil passing through the Strait of Hormuz has returned to previous levels. Meanwhile, Iran announced its intention to declare a "restricted area" near the Strait of Hormuz, amid escalating regional tensions between Washington and Tehran.

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