One US dollar now costs 2 million rials in Iran, and here’s what it can buy

September 1, 2026
Alia Chughtai, Fatemah Karimkhan and Maziar Motamedi

Sanctions and the US-Israel war on Iran have left the country’s people unable to keep pace with rising prices as the rial hits a new all-time low.

The US military just got handed an odd job: Denying an 'attack' on Iran that its own president had just posted online

September 1, 2026
Jack Buckby

 
Airstrikes have resumed in the Middle East after the US fired on Iranian launchers accused of trying to lay more mines in the Strait of Hormuz. Anadolu via Getty Images