Iran's central bank governor says Tehran can inject $2 billion to curb currency volatility

Iran's Central Bank Governor said Tehran has sufficient foreign currency reserves despite US sanctions and is prepared to inject up to $2 billion into foreign exchange markets to address rial volatility.

Why this matters. The pledge signals how much financial pressure sanctions and the Hormuz shipping disruption are placing on Iran's currency, and sets a concrete threshold market watchers can track against future rial depreciation.