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Event Brief

Iranian rial hits record low as inflation and fuel crisis worsen

The Iranian rial has fallen to a record low as inflation rises to 128% and a fuel crisis worsens living conditions. Iranian workers are reported to be going on strike amid the economic fallout from the war.
WHO: Iranian workers
WHAT: Iranian workers are reported to be going on strike as the rial hits a record low, inflation reaches 128%, and a fuel crisis worsens living conditions.
WHEN: Reported Sep 12, 2026 at 7:43 AM ET
WHERE: Iran
WHY: Cause not yet established.

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