Iran's sinking currency breaks 400,000:1 mark v. US dollar for first time. Rial now stands at 400,300:1, having lost more than 25% of value in past month.
The editor-in-chief of the Iranian regime mouthpiece Kayhan wrote in the newspaper's December 14, 2022 editorial that Iran has the legal right and capability to close the Strait of Hormuz to vessels belonging to countries "hostile" to it if it feels that its national interests are at risk.