Iran’s rial fell to a new record low on Saturday, extending a steep decline driven by renewed U.S. sanctions pressure and a sharp drop in oil exports. The currency’s slide adds fresh strain to households already facing soaring prices and a worsening cost-of-living crisis.

The latest fall reflects mounting pressure on an economy that has struggled for years under sanctions, reduced access to foreign exchange, and persistent inflation. For many Iranians, the currency’s weakness translates directly into more expensive food, medicine, and imported goods.

Oil exports remain a critical source of revenue for the Iranian government, but lower shipments have reduced inflows and intensified market anxiety. Traders and consumers alike have been watching the rial’s exchange rate closely as confidence in the currency continues to erode.

The worsening currency crisis underscores how economic policy, sanctions, and export constraints are hitting ordinary people hardest. While officials try to project stability, the data points to a deepening squeeze on civilian welfare and household purchasing power.