# Iran Controls Hormuz as Rial Hits Record Low

> Iran insists control of Hormuz as rial falls to record lows and exports dry up.
- Title: Iran Controls Hormuz as Rial Hits Record Low · euronews
- Summary: Iran insists control of Hormuz as rial falls to record lows and exports dry up. Iran claims control of Strait of Hormuz while rial hits record low and oil…
- Keywords: iran, strait of hormuz, rial, oil exports, iranian military, us treasury, iranian oil minister, iranian government, iranian revolution, iranian currency, iranian navy, iranian foreign ministry
- Source: euronews — https://euronews.com/2026/10/05/iran-insists-it-controls-hormuz-as-rial-hits-record-low-and-exports-dry-up
- Author: Babak Kamiar
- Published: 2026-10-05T12:35:12+00:00
- Read time: 1 min
- Topics: iran, strait of hormuz, rial, oil exports, iranian military, us treasury, iranian oil minister, iranian government, iranian revolution, iranian currency, iranian navy, iranian foreign ministry
## Iran claims Hormuz control
Iran's military said it retained full control over the Strait of Hormuz despite US tactical changes.

> All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic
## Oil minister resigns
Oil minister Mohsen Paknejad resigned after claiming revenue from oil sold would be collected.

> His departure was officially attributed to family and personal matters
## US claims no Iranian exports
US Treasury Secretary Scott Bessent said Iran did not load crude oil onto tankers in September.

> Iran did not load any crude oil onto tankers in September
## Export data shows decline
Kpler recorded crude exports from the region at 19.5 to 22.5 million barrels per day in September.

> Kpler recorded crude exports from the region excluding Iran at between 19.5 and 22.5 million barrels per day
## Currency hits record low
The euro broke through 300,000 tomans while the dollar hit 270,000 tomans on Iran's informal market.

> The euro broke through 300,000 tomans on Iran's informal market
## Iran warns of military response
Iran's military warned that any Israeli miscalculation could trigger war with shattering consequences.

> If for any reason Israel once again commits a miscalculation and starts another war, the fury of the armed forces will shatter its hopes and dreams
## Key takeaway

Iran claims control of Strait of Hormuz while rial hits record low and oil exports drop sharply.