Pakistan, April 30 -- Iran's currency has plunged to a record low against the US dollar as ongoing conflict and sanctions intensify pressure on the economy. The decline comes amid airstrikes and a tightening US naval blockade that have disrupted key economic activities. Citizens and businesses are facing rising inflation and financial instability.

The Iranian rial dropped to 1.81 million per US dollar on April 29 before slightly recovering the next day. According to local reports, the currency has lost nearly 15 percent of its value in recent days. The sharp fall reflects growing market uncertainty and reduced access to foreign currency.

Read more: Iran's rial hits record low amid economic turmoil

The economic downturn follows airstrik...