Iran’s rial hit a new record low compared to the U.S. dollar on Tuesday, as the embattled country’s economy continues to reach new lows.

Iran was already experiencing an economic collapse well before the launch of Operation Epic Fury, leading to the deteriorating living conditions that triggered the largest protests in Iran since the 1979 Islamic Revolution in December. Those in turn led to the brutal January crackdown that killed tens of thousands, one of the impetuses for the U.S.-Israeli war. The most intensive bombing campaign since the Gulf War, a renewed sanctioning blitz, and the U.S. naval blockade supercharged Iran’s economic decline, sending its currency tumbling to its worst position yet on Tuesday.

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