The Iranian rial's depreciation comes amid escalating US economic pressure, including an “Economic D-Day” sanctions regime announced last month, and ongoing military confrontation with the US. President Masoud Pezeshkian has called for national unity, stating his government will not make abrupt policy shifts due to external pressure, despite confirming plans to double the price of one tier of petrol quotas and reduce monthly allocations in the coming weeks. Earlier on Saturday, the US military bombed an oil tanker near Iran’s Kharg Island, days after other attacks on southern Iran and shipping in Hormuz.