The Iranian rial is hitting new lows against the dollar as President Trump reinstates his "maximum pressure" policy on 🇮🇷. Reports suggest that Supreme Leader Khamenei has ruled out further talks with the U.S., leading to a dramatic decline in the currency. 💸 On Feb. 8, one U.S. dollar was trading for 890,000 rials, and it breached 900,000 within 24 hours! 📉 The rial has depreciated by 75% in the past year, making it one of the worst-performing currencies. Richard Goldberg from the Foundation for the Defense of Democracies states that markets are reacting to Trump's clear directive to restore pressure on Tehran. The U.S. is set to impose sanctions on those facilitating the shipment of Iranian crude oil to 🇨🇳, aiming to drive Iran’s oil exports to zero. Iran's Foreign Minister Abbas Araghchi says they are open to talks but reject Trump's policy, stating they won't negotiate while facing new sanctions. 🤝 What are your thoughts on the impact of these policies? Let us know!