Iran’s economy is coming under more pressure as the country’s currency sinks to record lows, inflation surges and economic output contracts sharply. The Iranian rial traded at around 2.688 million to the US dollar on the open market on Oct. 3, which extended a steep decline that wiped out more than half of the currency’s value over the past year. The problems extend far beyond inflation and the currency market. Recent economic data showed Iran’s gross domestic product contracted 10.1% year over year between March 21 and June 20. [...]