Articles
Neutral, dated analysis and explainers across Iran’s markets.
NewsIran's Four Capital Market Pillars Close for Three Days; Trading Resumes Tuesday, July 7 (Saturday, July 4, 2026)
The Tehran Stock Exchange, Iran Fara Bourse, Iran Mercantile Exchange and Iran Energy Exchange are closed from Saturday, July 4 through Monday, July 6, 2026, with trading set to resume Tuesday, July 7, per the Securities and Exchange Organization. The last session, Wednesday, July 1, closed with the main index up 1.16% at 5,187,258 points; it is the second major capital-market shutdown of the year, after an 80-day halt from late February to mid-May.
AnalysisFrom Barter to an "Offshore Rial": Iran Seeks to Formalize Rial Afghani Trade Settlement (Saturday, July 4, 2026)
The head of the Iran Afghanistan Joint Chamber of Commerce says Iran's goal is to turn the traditional rial afghani barter system into a formal banking platform, reducing exporters' reliance on third currencies. Under the latest official Afghan data (November 2024), Afghanistan exported only about $30 million worth of goods to Iran while importing roughly $1.8 billion from it, an imbalance the central bank's new "offshore rial" tool aims to address.
NewsGlobal Gold Pulls Away From Seven Month Low; Ounce Tops $4,180 (Friday, July 3, 2026)
Global gold rose about 1.3 to 1.5 percent to $4,176 to $4,183 an ounce on Friday, July 3, 2026, pulling further from last week's seven to eight month low, after a weak June US jobs report. Iran's domestic 18 karat gold reached roughly 17.5 million tomans a gram.
AnalysisIran's Rebar Market Stalls for Two Weeks as Beam Prices Edge Up on FX Swings (Friday, July 3, 2026)
From June 22 to July 1, 2026 (1 to 10 Tir 1405), rebar prices at most Iranian mills held flat or fluctuated within a narrow band, while some steel beam sizes rose 200 to 2,000 tomans on exchange-rate volatility. Meanwhile, Furnace 8 at Mobarakeh Steel, damaged in air strikes months earlier, returned to production on June 9, 2026 (19 Khordad 1405), in just 45 days versus an initial four-month estimate.
AnalysisUS 60-Day Oil Waiver for Iran: Up to $3.06 Billion in Possible FX Revenue Through August 21, 2026
The US Treasury's General License X, issued June 22, 2026, allows Iran to sell crude oil, petrochemical and petroleum products for US dollars, for the first time in over four decades, through August 21, 2026. Newsweek's analysis puts the potential revenue at up to $3.06 billion over the 60-day window.
Market updateIran Market Pulse: Friday Morning, July 3, 2026
Friday, 12 Tir 1405 (July 3, 2026): A weak June US jobs report (only 57,000 jobs added versus roughly 110,000 to 115,000 expected) weakened the dollar and pushed global gold to about $4,130 per ounce. Brent crude extended its recent decline to about $72.3 a barrel. Tehran's bourse is closed today and yesterday; domestic 18-karat gold reached about 17,475,500 toman (Thursday data).
NewsEmami Gold Coin Hits 178 Million Toman as Its Premium Widens 44% in a Week (Thursday, July 2, 2026)
Iran's Emami gold coin jumped nearly 5 million toman on Thursday, July 2, 2026 (11 Tir 1405), reaching 177 to 178 million toman. Per Sahmino's own prior report, the coin's premium over its intrinsic gold value had already widened 44% in the week to July 1, hitting 7,863,000 toman. The main driver: the free-market dollar's roughly 9% weekly surge and political uncertainty around the Iran-US-Israel ceasefire.
AnalysisPower Rationing and Gas Cuts to Iran's Cement Plants Tighten Supply (July 2, 2026)
Iran's grid operator Tavanir has rationed electricity to cement and steel plants province by province from June through August 2026, and gas has been cut entirely to cement plants in several provinces. Meanwhile, wholesale cement bag prices in Tehran and Saveh reached about 253,000 toman by June 30, 2026, and Sufian cement about 281,000 toman.
AnalysisIran Khodro's 30-50% Factory Price Hike Ignites Dispute with the Competition Council (July 2, 2026)
Iran Khodro raised factory prices 30-50% on June 17, 2026, an increase a member of parliament's industries commission says exceeded what the Competition Council had cleared. The Ministry of Industry and the Competition Council still have not resolved the pricing-authority dispute as of July 2, 2026, while year-on-year car-purchase inflation hit 124.1% in Khordad (June 2026).
AnalysisIran's Rent Inflation Hits 31.2% in Khordad (June 2026), Slowest-Rising Item in the Household Basket
Iran's Statistical Center (SCI) reports that year on year rent inflation reached 31.2% in Khordad 1405 (the month ending June 21, 2026), against a nationwide headline inflation rate of 88.6% for the same month, a gap of roughly 57 percentage points that put rent at the bottom of the consumer basket's inflation table. In Tehran, advertised rents reached about 660,000 toman per square meter, up around 43% from a year earlier.
Market updateIran Market Pulse: The Week That Was and the Week Ahead (June 27 to July 1, 2026)
Iran Market Pulse, week of June 27 to July 1, 2026 (6 to 10 Tir 1405): The free-market dollar jumped about 9%, from 161,500 to roughly 176,000 tomans in a week; gold and coins rose in step, and the Emami coin premium widened about 44% to 7,863,000 tomans. TEDPIX fell 1.95% on Sunday but ended the week up just 0.21% net. All figures current as of Wednesday evening, July 1, 2026 (10 Tir 1405).
Market updateIran Market Pulse: Wednesday Morning, July 1, 2026
Iran Market Pulse, Wednesday morning, July 1, 2026: TEDPIX rose 68,399 points in Tuesday's session to close at 5,127,628, reclaiming the 5.1 million mark. The free-market dollar traded around 172,100 toman and the official agreed rate around 147,305 toman. Global gold hovers below $4,000 and Bitcoin trades around $58,500. All figures as of Tuesday evening, June 30, 2026.
Market updateIran Market Pulse: Tuesday Morning, June 30, 2026
Iran market snapshot for Tuesday morning, 9 Tir 1405: the free-market dollar closed Monday up 5.54% at 170,450 tomans. TEDPIX fell 0.34% to 5,058,126 while the equal-weight index edged up 0.14%. Global gold sits near $3,985/oz after its worst June since 2008. Brent crude at $74.01. Doha nuclear talks continue.
Iran Market Pulse: Monday Morning, Tir 8, 1405 / June 29, 2026
Monday morning, June 29, 2026 (8 Tir 1405): Tehran's TEDPIX fell 100,762 points (−1.95%) to 5,075,593 on Sunday's session with 7.2 trillion tomans of individual-investor net outflow. USD free market: ~173,700 tomans; official (agreed) rate: 146,957 tomans. 18K gold: ~16,886,800 tomans/gram nearing the 17M channel. Emami coin: ~178M tomans. Bitcoin: $59,860. Brent crude: $73.61.
Iran Market Pulse: Sunday Morning, 7 Tir 1405 (June 28, 2026)
On Sunday 7 Tir 1405 (June 28, 2026), Iran's free-market dollar hovered at 166,500 to 167,000 tomans; Emami gold coin reached 166.5M tomans; TEDPIX gained 15,460 points on Saturday to close near 5,176,000; Bitcoin recovered to ~$60,000 from its weekly low; Tether at ~166,400 tomans. Brent crude hit its lowest since late February 2026 as the Strait of Hormuz partially reopened under the US-Iran ceasefire framework.
Market Pulse, Saturday Morning 27 June 2026
Market Pulse, Saturday 27 June 2026 (6 Tir 1405): free-market USD at 161,500 tomans; TSE index closed its last session (23 June) up 1.74% to 5,160,000; Bitcoin at $59,500–$60,100; Brent crude near $72 (-10% weekly post-OFAC); auto market in deep slump; cement 253,000–281,000 tomans per bag.
Iran Market Pulse: Friday Morning, Tir 5, 1405 / June 26, 2026
Friday, Tir 5, 1405 (June 26, 2026): Tehran Stock Exchange closed. Brent crude fell to $74.43/bbl as the US-Iran peace framework continues to ease the war risk premium. Spot gold at $4,007/oz. Bitcoin below $60,000. Domestic 18-karat gold at 16,252,000 tomans (Thursday Tir 4 close).
Iran Market Pulse: Weekly Review, June 20-24, 2026 (30 Khordad to 4 Tir 1405)
A historic week: the Iran-US ceasefire signed June 19, 2026 reopened the Strait of Hormuz, driving Brent crude down to $73.74/bbl by week's end. The Tehran Stock Exchange was closed Wednesday, June 24 (Tasu'a holiday), with a broader trading suspension through Thursday. Gold fell to $3,998.71/oz; Bitcoin at $62,752; free-market dollar near 172,800 tomans (last verified June 13). Full TSE data unavailable due to market closure and suspension.
Iran Market Pulse: Weekly Review, Thursday, 25 June 2026 (4 Tir 1405)
Weekly market review for Iran, covering the week of 30 Khordad to 3 Tir 1405 (20 to 24 June 2026): the TEDPIX touched 5.16 million before a 53,000-point pullback on Wednesday closed the week below 5.1 million. The free-market dollar held at 160,000 to 161,500 tomans. Global gold fell 3.6%. Bitcoin dropped 4.5% weekly. Brent crude fell below $74 to its lowest since late February 2026.
Iran Market Pulse: Thursday Morning, 4 Tir 1405 (25 June 2026), Weekly Review and Week Ahead
Weekly review (through 3 Tir 1405 / 24 June 2026): amid de-escalation and the ceasefire, global spot gold and Brent crude fell and domestic gold and coins eased; the free-market dollar held near 161,500 toman and the tavafoqi rate was about 146,138 toman. The TEDPIX total index sat in record territory near 5,097,000 points after reopening. Tether near 164,900 toman, Bitcoin about 63,000 USD.
Iran Market Pulse — Wednesday Morning, 24 June 2026 (3 Tir 1405)
Iran Market Pulse, Wednesday morning 3 Tir 1405 / 24 June 2026 (data through the close of Tuesday 2 Tir): free-market USD ~160,200 toman and the official "agreed" (توافقی) rate 146,138 toman; 18k gold 16,037,300 toman/gram and the Emami coin ~163 million toman, down ~1.5% in line with spot gold near $4,075. The TEDPIX index rose 1.74% to 5,160,903. Brent crude near $77, a three-month low. This is educational market reporting, not investment advice.
Iran Market Pulse — Tuesday Morning, 23 June 2026
Tuesday morning, 23 June 2026 (2 Tir 1405): the free-market dollar is near 157,790 toman and sticky at the top; 18k gold eased to 15,963,400 toman and the Emami coin ~163,500,000. The Tehran Stock Exchange fell 1.04% to 5,072,579 on Monday (1 Tir) with real-money outflows after last week's record. Globally, Brent near $77 (a ~3-month low) and Bitcoin ~$62,250 stayed under pressure amid reported progress in Iran–US talks.