<h1>Iranian rial crashes to record low as sanctions, war fears fuel soaring inflation and rising cost of living</h1> Iran's national currency has hit a record low of 1.2 million rials to 1 US dollar amid ongoing nuclear-related sanctions that are severely constraining its economy. The depreciation is driving substantial inflation, particularly in essential goods such as meat, rice, and other staple foods, exacerbating the cost-of-living burden on residents. The situation is compounded by heightened public concern over potential renewed armed conflict involving Iran, Israel, and possibly the United States following a recent 12-day war, further undermining economic stability and investor confidence.