As Iran's rial falls to record lows amid escalating military tensions in the Persian Gulf, a sharp rise in inflation is pushing up the cost of basic necessities, with low-income households and rural communities bearing the brunt of the crisis.

Iran's annual inflation rate surged to 88.6% in June, the highest in recent months, as the Middle East war intensified pressure on an economy already struggling with sanctions and…

Iran's inflation rate accelerated sharply in June, reaching 88.6 percent year-on-year, according to the country's Statistics Centre, which linked the surge to the economic impact…