The Iranian rial has dropped to a record low, reaching 2 million to the US dollar. This decline comes as the US prepares to impose new sanctions on Iran, which the Trump administration refers to as "economic D-Day". The sanctions are expected to include penalties for countries that continue to do business with Iran.

Further details on the sanctions are expected to be announced by the US Treasury Secretary. The measures may have significant implications for Iran's economy and its trade relationships with other countries.

More information on the sanctions and their potential impact is available from the source.