Iran's rial hits new record low as US prepares to announce more sanctions

Iran's currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an "economic D-Day" and would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade. The rial dropped to 2.02 million to the U.S. dollar as trading opened on informal currency markets. Iran's official Central Bank rate stood at around 1.5 million…