Iran’s rial currency fell Wednesday to a new low of 1.2 million to the U.S. dollar as nuclear sanctions squeeze Tehran’s ailing economy.

Axar.az, citing AP, reports that traders offered the new exchange rate as attempts so far to restart negotiations between the US and Iran over its nuclear program appear stalled.

The new record low is increasing pressure on food prices, and other costs have been making daily life that much more challenging for Iranians. Prices are up on meat, rice, and other staples of the Iranian dinner table.

Meanwhile, people worry about a new round of fighting between Iran and Israel, as well as potentially the United States, after June’s 12-day war.