Today, Thursday June 25, 2026 (5 Tir 1405), coincides with Ashura, and Iran's financial markets are closed. This is a weekly review covering the trading period from Saturday June 20 to Tuesday June 23, 2026 (30 Khordad to 3 Tir 1405), plus the latest global data through Wednesday June 24 (4 Tir), which was an official public holiday (Tasu'a, the eve of Ashura).
Weekly Snapshot
| Market | Latest Verified Value | Date | Source |
|---|
| Brent Crude Oil | $73.74/bbl | 4 Tir 1405 (June 24, 2026) | CNBC, Trading Economics |
| WTI Crude Oil | $70.34/bbl | 4 Tir 1405 (June 24, 2026) | CNBC, Trading Economics |
| Gold Spot (XAU/USD) | $3,998.71/troy oz | 4 Tir 1405 (June 24, 2026) | Fortune, Trading Economics |
| 18K Gold (domestic, per gram) | ~16,700,000 tomans/gram (approx.) | Early Tir 1405 (approx.) | LivePriceOfGold, GoldRate24 |
| Bahar Azadi Full Coin | ~191 million tomans (ask) | June 9-12, 2026 (19-22 Khordad 1405) | Pashizi, AlanChand |
| Free-market USD/tomans | ~172,800 tomans/USD | June 13, 2026 (23 Khordad, last verified) | TGJU, Wise |
| Official "agreed" rate (ICE) | Unavailable | Access error | market.ice.ir |
| Bitcoin (BTC/USD) | $62,752 | 4 Tir 1405 (June 24, 2026) | Fortune, CoinDesk |
| Ethereum (ETH/USD) | $1,676 | 4 Tir 1405 (June 24, 2026) | Fortune, Yahoo Finance |
| TEDPIX (TSE main index) | Unavailable (closed/suspended) | Week of June 20-24 | tsetmc.com |
| US Dollar Index (DXY) | ~101.5 | 4 Tir 1405 (June 24, 2026) | Trading Economics, CNBC |
| S&P 500 | 7,358.22 | 4 Tir 1405 (June 24, 2026) | CNBC, Yahoo Finance |
Key Event of the Week: Iran-US Ceasefire
The defining event of the week was the signing of a ceasefire agreement between Iran and the United States on June 19, 2026 (29 Khordad 1405), ending over 100 days of military conflict. The agreement included the reopening of the Strait of Hormuz to commercial shipping, the lifting of the US naval blockade of Iranian ports, and a 60-day window for negotiations on a permanent settlement covering nuclear issues, sanctions relief, and the conditional release of frozen Iranian assets (up to $25 billion). (Source: Al Jazeera, Atlantic Council, June 24, 2026)
On June 23 (3 Tir), it was announced that Iran had agreed to charge zero tolls for commercial transit through the Strait of Hormuz. (Source: CBS News) The reopening of the Strait directly reduced supply-disruption fears and was the primary driver of oil's sharp decline across the week.
Technical nuclear negotiations in Geneva are ongoing, with reports of preliminary agreement on a $12 billion frozen-asset release but continued disagreement on inspection protocols and enrichment levels. (Source: Atlantic Council, June 24, 2026)
Tehran Stock Exchange
The Tehran Stock Exchange was closed on Wednesday June 24, 2026 (4 Tir 1405) for the public holiday of Tasu'a (the eve of Ashura). Reports also indicate that the Securities and Exchange Organization (SEO) suspended trading in equity and securities markets from Tuesday through Thursday (June 23-25 / 3-5 Tir 1405). (Source: The Business Standard, Al Jazeera)
As a result, comprehensive weekly data including the TEDPIX index, the equal-weight index, trading volumes, and retail vs. institutional money-flow figures for the week ending 4 Tir 1405 are unavailable. For official data, consult the TSE information portal (tsetmc.com) directly.
Currency Market
The most recently verified free-market dollar rate stood at approximately 172,800 tomans per USD, as of June 13, 2026 (23 Khordad 1405). (Source: TGJU, Wise) Precise rates for the June 20-24 period could not be independently verified for this edition.
Earlier data showed the dollar trading in the 176,000 to 181,000 tomans range in early April 2026 (Farvardin 1405), reflecting accelerated rial depreciation amid sanctions pressure and the conflict period. (Source: Caspian Post)
The official "agreed" rate (توافقی) from the Iran Currency and Gold Exchange Center (market.ice.ir) was unavailable — the site returned access errors. The dual-rate structure (free-market vs. official) remains a structural feature of Iran's currency market.
Gold and Coins
International gold (XAU/USD) fell 2.79% on Wednesday June 24 (4 Tir) to $3,998.71 per troy ounce, the lowest level since November 2025 (Aban 1404). On Tuesday June 23 (3 Tir), gold had been near $4,113/oz. The decline was driven by a strengthening US dollar and rising expectations of Federal Reserve tightening. (Source: Fortune, Trading Economics)
Domestic 18-karat gold was estimated at approximately 16,700,000 tomans per gram in early Tir 1405, based on available secondary pricing data. (Source: LivePriceOfGold, GoldRate24) This figure is approximate and does not reflect intraweek movements; verify against current tgju.org data.
Gold coins: the most recently verified prices, from the June 9-12, 2026 window (19-22 Khordad 1405):
- Bahar Azadi full coin (sekkeh-e bahar azadi): 191 million tomans (ask) / 186 million tomans (bid)
- Half coin (nim sekkeh): approximately 96 to 100 million tomans
- Quarter coin (rob sekkeh): approximately 51 to 54 million tomans
(Source: Pashizi, AlanChand) The Emami coin (sekkeh-e Emami) price was not available for this period. For current-week rates, consult tgju.org.
Crypto
Bitcoin closed Wednesday June 24 (4 Tir) at $62,752, down 1.98% on the day and 4.44% on the week. Early in the week, news of the US Treasury's temporary authorization of Iranian oil exports briefly pushed Bitcoin above $65,000 before selling resumed. (Source: Fortune, CoinDesk, Capital.com, June 23, 2026)
Ethereum traded near $1,676 on Wednesday June 24. (Source: Fortune, Yahoo Finance)
Tether (USDT) in Iranian tomans: the last verified domestic rate from Nobitex on June 6, 2026 (16 Khordad 1405) was approximately 174,500 tomans per USDT. (Source: Nobitex, AlanChand) Note that on June 2, 2026 (12 Khordad), the US Treasury (OFAC) sanctioned Nobitex, Wallex, Bitpin, and Ramzinex for sanctions evasion — this may have disrupted pricing transparency and domestic exchange access since that date. (Source: CoinDesk, OFAC)
Steel
Specific price data for steel products including rebar (miilgard), I-beam (tir-ahan), and sheet (varaq) for the week ending 4 Tir 1405 was unavailable — the Iran Mercantile Exchange website (ime.co.ir) returned access errors. For current daily prices, consult ahanonline.com or the IME portal directly.
On a macro level, Iran's rebar production grew 6.9% year-on-year through the first eight months of 1404. Maritime freight risk premiums related to Strait of Hormuz transit, elevated during the conflict period, are expected to ease following the ceasefire and waterway reopening. (Source: ExpertMarketResearch, ProcurementResource)
Vehicles
Current factory and free-market prices for domestically produced vehicles for the week of June 20-24, 2026 were unavailable from independently verifiable sources. For current pricing and the factory-vs-market price gap (haashiye-ye baazaar), consult bama.ir and khodro45.com.
Building Materials
Cement and building material prices on the Iran Mercantile Exchange for the past week were unavailable (ime.co.ir inaccessible). Structurally, the government's 350 trillion toman infrastructure budget for 1404-1405 continues to underpin public-sector cement demand. (Source: IndexBox)
Global Backdrop
Oil: Brent crude fell 4.33% on June 24 to close at $73.74/bbl. WTI fell 3.92% to $70.34/bbl. Both hit their lowest levels since late April 2026 (late Farvardin 1405). Brent had been near $79.25/bbl on June 22 (2 Tir). The primary driver: the Strait of Hormuz reopening and reduced supply-disruption expectations. (Source: CNBC, Fortune, Trading Economics)
US Dollar Index (DXY): Approximately 101.5 at week's end, the highest since spring 2025. Market pricing of a September 2026 US rate increase rose from 29% to 68% during the week. (Source: Trading Economics, CNBC)
US equity markets (June 24, 2026 / 4 Tir 1405):
- S&P 500: 7,358.22 (down 0.10% on the day; down ~1.4% on the week)
- NASDAQ: 25,476.64 (down 0.43% on the day; down ~3.3% on the week)
- DJIA: 51,848.90 (up 0.35% on the day)
The primary drag was weakness in AI and semiconductor names (Nvidia, Broadcom, Micron) on investor skepticism around hyperscaler AI capital spending returns. (Source: CNBC, Yahoo Finance)
What to Watch Next Week (8-12 Tir 1405, June 28 to July 2, 2026)
- TSE reopening: The first trading day after the Tasu'a/Ashura holiday and suspension is Saturday June 28 (8 Tir). Market reaction to the ceasefire and any currency moves will be the primary focus to observe.
- Nuclear negotiations: The 60-day window is active; progress or setbacks in technical talks could move currency, gold, and equities.
- Currency rate: Watch the free-market and official dollar rate from Saturday June 28. Ceasefire optimism may offer some rial support, while the sustained oil price decline reduces hard-currency inflows.
- US monetary policy: US PCE inflation data due at end of next week will be a key signal for the Federal Reserve's September decision and global risk appetite.
- Oil: OPEC+ and Iranian production trajectory in the post-ceasefire environment.
- Iran Mercantile Exchange (IME): First trading session after the suspension; rebar, cement, and commodity reference prices will reset after the holiday-week gap.
Disclaimer
This report is prepared solely for educational and informational purposes and does not constitute investment advice or a recommendation to buy, sell, or hold any asset. All figures carry an explicit date and source and may have changed since publication. Verify all data from official sources before making any financial decision.
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