A 32-year-old patient arrives at the emergency department with fatigue, dyspnea, and skin pallor. Laboratory results show hemoglobin of 7 g/dL, mean corpuscular volume (MCV) of 72 fL, and serum iron of 20 μg/dL. The patient has a past medical history of menorrhagia. Which of the following is the MOST appropriate initial treatment?
Immediate blood transfusion
Oral or intravenous iron supplementation
Subcutaneous erythropoietin injection
Vitamin B12 and folate supplementation