Iran's currency falls to an all-time low as Trump clinches the US presidency

Iran’s currency has fallen to an all-time low as former President Donald Trump clinched the U.S. presidency again. The rial traded on Wednesday at 703,000 rials to the dollar. In 2015, at the time of Iran’s nuclear deal with world powers, it was at 32,000 to $1. Trump unilaterally withdrew America from the accord in 2018, sparking years of tensions between the countries that persist today. Iran’s economy has struggled for years under crippling international sanctions over its rapidly advancing nuclear program, which now enriches uranium at near weapons-grade levels. By midday in the Middle East, Trump was elected the 47th president of the United States.