Hemoglobin is the iron-containing protein in red blood cells that transports oxygen throughout the body. It is composed of four polypeptide chains and an iron-containing heme group. Normal hemoglobin levels vary based on age and sex. Hemoglobin transports oxygen from the lungs to tissues and carbon dioxide from tissues back to the lungs. Abnormal hemoglobin variants can lead to conditions like sickle cell anemia and thalassemia. Red blood cells have an average lifespan of 120 days before being broken down, mainly in the spleen.