Iran: US dollar hits record high against Iranian currency amid US sanctions.

SHOTLIST: TEHRAN, IRAN (MAY 4, 2026) 1. CARS PASSING ON STREET, PEOPLE WALKING 2. VARIOUS OF EXCHANGE OFFICES IN TEHRAN 3. VARIOUS OF PEOPLE CHECKING RATES 4. VARIOUS OF MARKETS / SHOPPING AREASTEHRAN, IRAN - MAY 4, 2026: The US dollar has reached a record high against Iran’s national currency in the open market, amid mounting economic pressures in the country due to US sanctions and war. The depreciation of the local currency has deepened in recent periods, driven by heavy US sanctions and the economic impact of ongoing regional tensions. The surge in exchange rates is being felt across the country, particularly in the capital Tehran, affecting prices of basic goods and commercial activity. The US and Israel launched strikes against Iran on Feb. 28, triggering retaliation from Tehran against Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz. Since April 13, the US has enforced a naval blockade targeting Iranian maritime traffic in the strategic waterway. A two-week ceasefire was announced on April 8 through Pakistani mediation, followed by direct talks in Islamabad on April 11, but no agreement was reached on a lasting truce. US President Donald Trump later extended the ceasefire without setting a new deadline, following a request from Pakistan.