What will happen to Iran now… Trump's victory was announced and bad times started there.
Donald Trump's victory in America is confirmed. This change in America seems to be affecting Iran very badly. Iran's currency has reached its lowest level ever because Trump's return is not seen as good for Iran.
Donald Trump has imposed many sanctions on Iran in his previous tenure and he is a staunch supporter of Israel. In such a situation, bad days have started for Iran even before he took office. Iran's currency Rial reached its lowest level ever on Wednesday, The Iranian Rial is trading at 703,000 Rial against one US dollar.
Iran’s rial weakened to a record low against the dollar, having lost about 27% of its value this year.
— Stuart Wallace (@StuartLWallace) November 5, 2024
Shares on the Tehran Stock Exchange have also fallen in recent days, according to reports by state media.https://t.co/SApah0DDhq via @golnarM pic.twitter.com/Boy2IbxY3e
Donald Trump took several steps against Iran after coming to power. Iran had signed a nuclear deal with world powers in 2015. Trump pulled the US out of that nuclear deal in 2018 and imposed strict economic sanctions on Iran and weakened its economic condition.
In 2015, the Iranian rial was 32,000 rials against one dollar. After the recent results, it has reached its lowest level of 703,000 rials.
Impact on the Middle East war
At present, America's closest ally Israel is fighting Hamas in Gaza and Hezbollah in Lebanon. While America is helping Israel militarily and financially, the militias in the region have the support of Iran. Donald Trump has promised to stop the war during his election campaign, but experts believe that Israel may become more unbridled after Trump's return. This can cause havoc in the Middle East.