Iran's rial currency traded at a record low against the U.S. dollar, costing over 1 million rials for a single greenback, as tensions between Tehran and Washington continue to escalate. The exchange rate fell even further to 1,043,000 to the dollar as traders resumed work after the Persian New Year holiday. Iran's economy has been severely affected by international sanctions, particularly after the U.S. unilaterally withdrew from the nuclear deal in 2018. The falling rial has put more pressure on Iranian President Masoud Pezeshkian.