The Iranian rial has plummeted to a new record low of 1.8 million IRR to $1 USD
The currency has dropped from roughly 1.7 million since the conflict began two months ago.
U.S.-led naval blockade of Iranian ports is costing Iran up to $500 million in revenue daily, primarily through lost oil sales.
Annual inflation is exceeding 40%, causing the cost of food and basic necessities to skyrocket for ordinary citizens.