Iran’s currency, the rial, hit a record low of 703,000 to the dollar amid fears of renewed U.S. sanctions following Donald Trump’s apparent re-election. The Central Bank may intervene to stabilize the currency. The rial’s decline reflects ongoing economic struggles due to international sanctions over Iran’s nuclear program. President Masoud Pezeshkian, elected after Ebrahim Raisi’s death, aims to ease sanctions but faces challenges. Despite efforts to downplay U.S. election impacts, public sentiment in Tehran is pessimistic about future economic conditions.