Iran rial hits record low past 2.2M/USD; CBI pledges $1B injection

The Iranian rial depreciated past 2.2 million per dollar amid renewed US-Iran confrontation, prompting the Central Bank of Iran to confirm $18B in reserves and readiness to inject $1B to stabilize the market. The move signals escalating currency stress and potential inflationary pressure, though the effectiveness of intervention remains uncertain given sanctions and limited reserves.