Iran's Currency Hits Record Low, Ukraine's Long Range Attack, and Federal Reserve Changes #shorts
CBN News
teaching
April 29, 2026
Iran’s rial currency has hit a record low as a shaky ceasefire with the U.S. and Israel holds. Experts warn the fall of the rial is likely to further inflation concerns in the country. Despite the ceasefire, a U.S. naval blockade has continued to increase pressure on Iran’s economy.
Kyiv is claiming responsibility for a drone attack on a distant Russian oil facility over 1,500 kilometers from Ukraine. Russian media reported the attack, but officials have been vague about details. Ukraine's Security Service says the facility is a key hub in Russia’s oil transport system.
And Jerome Powell will preside over what will likely be his last meeting as Federal Reserve chair. Powell may remain on the central bank’s board of governors, even after his term as chair ends. The Fed is expected to leave rates unchanged for a third straight meeting.
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