Without a doubt, there will be a serious sell-off of the Iranian currency now. We also see I an's fears concerning the upcoming reelection of Donald Trump.

With an annual inflation rate of at least 50 percent, the diminishing value of the rial signals further inflationary pressures in the months ahead. Monthly wages for workers, averaging less than $200, exacerbate the challenges within an economy where inflation outpaces salary adjustments. Such economic strains have led to strikes and protests across various sectors, including oil and gas production platforms and refineries.

Amid the economic woes, Iran's leading economic newspaper Donya-e-Eqtesad has drawn attention to the potential ramifications of Trump's potential return to the White House, citing it as a factor contributing to the rise of foreign currencies and the price of gold. The paper also highlighted regional instabilities, particularly in the Red Sea, as factors fueling economic insecurity among Iranian investors. Last week, the devaluation of the rial intensified following Iran's ballistic missile strikes on targets in Iraq and Pakistan. Tensions were already heightened due to Iran-backed Houthis' assaults on commercial vessels in the Red Sea.

Now that Iran has finally managed to se a few US servicemembers as dead, We do expect to see immediate negative impact on the rial. maybe 100.000 to the dollar soon instead of 52.000. Guess Iran will need to steal some oil to cover some of the expected loss.