Iran's rial currency hits record low as shaky ceasefire with US and Israel holds
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A man holds an Iranian flag in a state-organised rally in Tehran, Iran, Wednesday, April 29, 2026, celebrating the birthday of Imam Reza, the 8th Shiite Muslims' Imam, and supporting Iranian Supreme Leader Ayatollah Mojtaba Khamenei. (AP Photo/Vahid Salemi)FILE - A thick plume of smoke rises from an oil storage facility hit by a U.S.-Israeli strike in Tehran, Iran, March 8, 2026. (AP Photo/Vahid Salemi, File)A man waves a representation of the Iranian flag during a state-organised rally in Tehran, Iran, Wednesday, April 29, 2026, celebrating the birthday of Imam Reza, the 8th Shiite Muslims' Imam, and showing their support to the Iranian Supreme Leader Ayatollah Mojtaba Khamenei. (AP Photo/Vahid Salemi)Secretary of Defense Pete Hegseth appears before a House Committee on Armed Services business meeting on the Department of Defense Fiscal Year 2027, on Capitol Hill, Wednesday, April 29, 2026, in Washington. (AP Photo/Rod Lamkey, Jr.)Secretary of Defense Pete Hegseth appears before a House Committee on Armed Services business meeting on the Department of Defense Fiscal Year 2027, on Capitol Hill, Wednesday, April 29, 2026, in Washington. (AP Photo/Rod Lamkey Jr.)
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A man holds an Iranian flag in a state-organised rally in Tehran, Iran, Wednesday, April 29, 2026, celebrating the birthday of Imam Reza, the 8th Shiite Muslims' Imam, and supporting Iranian Supreme Leader Ayatollah Mojtaba Khamenei. (AP Photo/Vahid Salemi)