Iranian media reported the U.S. dollar traded at two million rials on the open market, a record low for the Iranian currency, as sanctions pressure the economy and peace talks with Washington remain stalled. Iran’s infrastructure has been hit repeatedly and thousands of people have been killed in airstrikes on the Islamic Republic since the U.S. and Israel launched attacks on February 28. U.S. attacks have severely diminished Iran's economy and devastated its navy and air force, but Tehran maintains enough missile and drone capability to impede oil tanker traffic and attack regional rivals.
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