Iran is currently navigating a perilous economic landscape as inflation reaches alarming heights not seen since the aftermath of World War II. The nation's currency, the rial, is taking a substantial hit, affected by nearby conflicts and severe U.S. sanctions. In addition, systemic corruption and poor economic oversight are fueling the turmoil.

The rupee has tumbled to record lows since the Iran war broke out at the end of February, as a resultant spike in crude prices delivered a severe blow to the country

Iran's year-on-year inflation reached a record high in May, the worst since World War II