Iran’s rial plummets to record lows as U.S. sanctions intensify, with Treasury Secretary warning of an “economic D-Day” aimed at crippling Tehran’s economy. The currency collapse stems from trade isolation, blocked ports, and plummeting oil exports, while inflation fears mount. Meanwhile, gold surges to its highest since mid-May as a weaker dollar boosts global demand. In New Zealand, lawmakers eye a social media ban for under-16s to shield youth from harmful content and addiction, with hefty fines for non-compliant platforms. In the UK, pubs and hotels face a new push for fairer business rates after pandemic relief ended, with an independent review set to tackle soaring costs and outdated valuations.
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