Iran's currency fell on Wednesday to an all-time low as former President Donald Trump was on the verge of clinching the U.S. presidency again, signaling new challenges ahead for Tehran as it remains locked in the wars raging in the Middle East.

The rial traded at 703,000 rials to the dollar, traders in Tehran said. The rate could still change throughout the day. Iran's Central Bank could flood the market with more hard currencies as an attempt to improve the rate, as it has done in the past.

Lebanese farmer Abu Taleb briefly returned to his orchard last month to salvage an avocado harvest but ran away empty handed as soon as Israeli air raids began.

Israel’s Cabinet on Friday passed a budget for 2025 Friday, Prime Minister Benjamin Netanyahu’s office said, ramping up defense spending amid the war in Gaza and Israel’s invasion of Lebanon.

The budget, which must still be approved by Israel’s parliament before taking effect, increased allotted defense spending to at least $27.2 billion, Israeli media reported, though that could increase to $40 billion pending further cabinet discussions.

Lebanon charged the country's former central bank governor with illicit enrichment and issued an arrest warrant against the detained banker, the second in less than two months, judicial officials said Thursday.

Riad Salameh, 74, was charged by the first examining magistrate of Mount Lebanon Nicola Mansour over an apartment that was rented in France to be a substitute office for the central bank if needed, the four official said on condition of anonymity because they were not authorized to speak to the media.