### [2026-08-24](/feed/2026/08/24/index.md)

##### Economic impact of the 2026 Iran war
# The Iranian rial reaches 2.02 million rials ahead of the U.S. dollar, a record-low, ahead of U.S. sanctions. 




### Sources:

1. [Time](https://time.com/article/2026/08/24/iranian-rial-hits-record-low-new-us-sanctions/)

### Related:

1. [U.S. crude oil prices fall 2.7% to about $74 per barrel for the first time since early March after treasury secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. ](/feed/2026/06/22/us-crude-oil-prices-fall-27-to-about-74-per-barrel-for-the-first-time-since-early-march-after-treasury-secretary-sc.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
2. [Oil prices increase by nearly 8% on the announcement of the peace talks ending, with West Texas Intermediate rising to US$94.20 per barrel and Brent Crude to US$97.23 per barrel. ](/feed/2026/06/1/oil-prices-increase-by-nearly-8-on-the-announcement-of-the-peace-talks-ending-with-west-texas-intermediate-rising-to-u.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
3. [Oil prices rise amid fears of a prolonged war and the draining of world oil reserves, including West Texas Intermediate to US$102.76 per barrel and Brent Crude to US$112.89 per barrel. ](/feed/2026/05/18/oil-prices-rise-amid-fears-of-a-prolonged-war-and-the-draining-of-world-oil-reserves-including-west-texas-intermediate.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
4. [Norway records its highest-ever crude oil export value in March, reaching 57.4 billion kroner (US$6.08 billion) for 56.6 million barrels, contributing to a trade surplus of 97.5 billion kroner ($10.3 billion) amid a global fuel crisis. ](/feed/2026/04/15/norway-records-its-highest-ever-crude-oil-export-value-in-march-reaching-574-billion-kroner-us-608-billion-for-566.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
5. [The parliament of South Korea approves a supplementary budget worth ₩26.2 trillion (US$17.7 billion) to address the economic effects of the war, which includes cash assistance to 35 million South Koreans. ](/feed/2026/04/10/the-parliament-of-south-korea-approves-a-supplementary-budget-worth-w262-trillion-us-177-billion-to-address-the-econ.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
6. [Oil prices rebound amidst concerns about the ceasefire, with U.S. and Brent Crude oil back up to nearly US$100 per barrel. ](/feed/2026/04/9/oil-prices-rebound-amidst-concerns-about-the-ceasefire-with-us-and-brent-crude-oil-back-up-to-nearly-us-100-per-barre.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
7. [Air China, China Southern Airlines, and its subsidiary XiamenAir increase fuel surcharges by ¥60–120 (US$8.70–17.50) on domestic flights in response to rising oil prices linked to the Iran war. ](/feed/2026/04/2/air-china-china-southern-airlines-and-its-subsidiary-xiamenair-increase-fuel-surcharges-by-y-60-120-us-870-1750-on.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
8. [The American Automobile Association reports that the United States national average gas price has reached $4.02 a gallon, the highest since 2022 following Russia's invasion of Ukraine. ](/feed/2026/03/31/the-american-automobile-association-reports-that-the-united-states-national-average-gas-price-has-reached-402-a-gallon.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_
9. [Brent crude futures fall 11%, trading just below US$100 a barrel for the first time in days, following the announcement by U.S. president Donald Trump about talks with Iran to end the war. ](/feed/2026/03/23/brent-crude-futures-fall-11-trading-just-below-us-100-a-barrel-for-the-first-time-in-days-following-the-announcement.md) _Context: Economic impact of the 2026 Iran war, U.S. dollar_