I have had no problems whatsoever, I am running a VPN to the bank and all keeps working so there is no problem either with installed VPN's (OpenVPN) as was previously suggested by someone who claims VPN's are the choice of scammers, while in fact that is fearmongering by governments that want to have full vision and control of what you do on the internet, instead it will (moderately) protect you against attacks and hacks instead.
But back on-topic, there must be something wrong with the Iphone -update combination, maybe iOS18.1.1 only runs smooth on the newest phones.. (got a 16 pro).
So it would be interesting to see which Iphones are effected by this event. I cannot test myself because my old one is not supporting anything above iOS15, the whole reason for buying a new one.. I tend to keep my phone for 8 years before passing them to my kids...