Iran’s rial has sunk to a new record low against the US dollar, underscoring the country’s worsening economic crisis. The latest slide comes as fresh US sanctions target Iran’s oil exports, adding pressure to an already fragile currency market.

Inflation has now climbed above 50%, according to the Reuters report, eroding household purchasing power and making basic goods even harder for ordinary Iranians to afford. The combination of sanctions, fiscal strain and broader policy failures has left the economy increasingly unstable.

For many families, the collapse of the rial means higher prices at the market, shrinking savings and growing uncertainty about the future. The burden falls most heavily on civilians, who continue to absorb the costs of a crisis driven by both external pressure and domestic mismanagement.

The currency drop is the latest sign that Iran’s economic outlook remains under severe stress, with little relief in sight unless the underlying sanctions and structural problems begin to ease.