This is a pre-open "morning brief," not a closing report. The stocks section recaps the prior session (Monday, 1 Tir 1405 / 22 June 2026), while global and parallel markets are reported at overnight/early levels. Every figure is dated and sourced.
Snapshot
On the morning of Tuesday, 2 Tir 1405 (23 June 2026), markets are trading under the shadow of reported progress in Iran–US talks and falling oil prices. Domestically, the free-market dollar is holding near recent highs, while gold and coin have eased slightly; the Tehran Stock Exchange pulled back on Monday with net outflows after setting an all-time record last week. Globally, Brent crude fell to roughly a three-month low and Bitcoin stayed under pressure.
| Indicator | Level | As of |
|---|
| Free-market USD | ~157,790 toman | 2 Tir 1405 / 23 Jun |
| Remittance/"agreed" USD (Exchange Center) | 145,961 toman | 1 Tir 1405 / 22 Jun |
| 18-karat gold (per gram) | 15,963,400 toman | 2 Tir 1405 / 23 Jun |
| Emami coin | ~163,500,000 toman | 2 Tir 1405 / 23 Jun |
| TEDPIX (overall index) | 5,072,579 pts (−1.04%) | 1 Tir close / 22 Jun |
| Bitcoin | ~$62,250 | 23 Jun |
| Brent crude | ~$77–79 | 22–23 Jun |
| Spot gold (oz) | ~$4,140 | 23 Jun |
Currency
In the free market, the US dollar traded at about 157,790 toman on the morning of 2 Tir 1405 (23 June 2026), holding near recent highs (source: Shargh). On the official side, the remittance dollar at Iran's Currency & Gold Exchange Center was set at 145,961 toman on 1 Tir, with the euro at 167,431 toman (source: the Exchange Center, via Donya-e-Eqtesad). The gap between the free and remittance rates is roughly 12,000 toman (close to 8%).
Why? Recent reports of progress in Iran–US talks and a 60-day license to sell oil have nudged expectations toward lower risk; even so, the free-market dollar has stayed sticky near the top of its range and has not fully reacted to the news. (Outlook, kept separate from the figures.)
Gold and Coin
One gram of 18-karat gold reached about 15,963,400 toman on the morning of 2 Tir 1405, slightly below the 1 Tir level (~16,081,000 toman) (source: Donya-e-Eqtesad/Eghtesad Online). A mesghal of 18-karat gold was 69,680,000 toman on 1 Tir. The Emami coin changed hands around 163,500,000 toman (1 Tir: 163,000,000 toman; source: Shargh).
Why? The main driver is the global gold price, which sits near historic highs (about $4,140 per ounce); the mild domestic dip mostly reflects a relatively calmer dollar and lower-risk expectations. The coin trades at a limited premium (hobab) over its intrinsic value. (Outlook.)
Stocks
In the last session before this brief — Monday, 1 Tir 1405 (22 June) — the TEDPIX overall index fell 53,397 points (1.04%) to 5,072,579. The combined value of trades in shares, rights and equity funds exceeded 450 trillion toman (45 hemat), a sign of continued market depth (source: Andisheh Moaser, capital-market report for 1 Tir).
The drop came just days after the index set an all-time record near 5,097,000 points on 26 Khordad (16 June). Monday saw selling pressure dominate and real-money (retail) outflows, though the high trade value and a partial return of demand late in the session showed that turnover remains active. (Context: the equity market has been volatile since it reopened in Ordibehesht after an ~80-day closure caused by the war.)
Crypto
Bitcoin traded around $62,250 on the morning of 23 June, down roughly $2,785 from the prior morning; Ethereum was about $1,654 (down roughly $106) (source: Fortune). Tether on domestic exchanges was reported roughly in line with the free-market dollar, around 161,900 toman (approximate, secondary source).
Why? After the Federal Reserve's latest meeting and reduced expectations of rate cuts, crypto has stayed under pressure; note the global price is in USD, and the toman price of Tether embeds the dollar rate. (Outlook.)
Iron and Steel
In the physical market, ribbed rebar was little changed on 2 Tir 1405; for example, size-12 A3 rebar (Qaem Razi) was about 59,450 toman and size-14 A3 (Neyshabur) about 59,174 toman per kilogram (source: Ahan Online). The base rebar price on the Iran Mercantile Exchange is a function of the global billet price, the weekly average dollar rate and a 0.95 coefficient — so the exchange rate and global steel are the main drivers here. (Outlook.)
Cars
In Tehran's open-market trading on 2 Tir 1405, several in-demand cars eased slightly: the Peugeot 207 manual (hydraulic) around 1,830,000,000 toman (down ~12 million), the Peugeot 207 panoramic automatic around 2,640,000,000 toman (down ~20 million), and the Saipa Quick manual around 1,175,000,000 toman (down ~5 million) (source: Shargh). The gap between factory and market prices remains the defining feature of this market. (Outlook.)
Materials
In the wholesale materials market, bagged type-2 cement was reported in the range of 253,000–281,000 toman per tonne on 2 Tir 1405 (e.g., Sufian ~281k, Abyek ~255k, Saveh ~253k; source: Taadol). Seasonal construction demand and energy costs are the main drivers. (Outlook.)
Global backdrop
After about $79.25 on 1 Tir (22 June), Brent crude fell on 2 Tir to roughly $77, its lowest in nearly three months; West Texas Intermediate sat around $74, its lowest since early March (source: Fortune/Trading Economics). Spot gold was about $4,140 per ounce, and the US Dollar Index (DXY) was near a 13-month high. The Federal Reserve has kept its policy rate at 3.50–3.75%.
The day's top economic headline is reports of progress in Iran–US negotiations and a 60-day license to sell Iranian oil, which has strengthened expectations of higher global supply and a lower risk premium, pressuring oil prices. (Reported as an event, without political commentary.)
What to watch today
Items worth watching today (purely as things to track, not advice):
- Iran Mercantile Exchange offerings (including cement and steel products) and the prices they clear at.
- The path of the free and remittance dollar rates and any notice from the Currency & Gold Exchange Center.
- The shareholder-meeting (majame) season and interim corporate reports during Tir.
- Continued news from the talks and the trajectory of oil and global gold.
Disclaimer
This is educational market reporting, not investment advice. All figures are dated and sourced and may change within hours; verify against official sources before making any decision.
Market update
Market update
Market update
Market update