Iran’s currency, the rial, has hit a record low of over 1 million rials per US dollar, reflecting significant depreciation. The economic challenges faced by Iran, such as US sanctions, declining oil sales, and inflation, are believed to be the primary causes for this downturn. The country is also grappling with internal unrest and speculations of a surge in gasoline prices, which have further escalated tensions. President Pezeshkian has emphasized the need for fair dialogue with the United States to navigate through this crisis.