Articles
Neutral, dated analysis and explainers across Iran’s markets.
What Is a Money Corridor? How Hawala, the Dirham and Tether Move Money
A money corridor is the route value, not necessarily cash, takes from one country to another. This lesson explains how hawala works, why the UAE dirham anchors so many of these routes, and why Tether has become the "digital dollar" on them, along with their real risks, with no advice on whether to use them.
Why Did the Global Ounce Fall While the Coin Got More Expensive?
We break a coin's price into three parts, the global ounce, the domestic dollar, and the premium, and use a real, dated case from July 2026 to show how these parts can move in opposite directions overnight.
Who Sets OPEC+ Oil Quotas? The Monitoring Committee and Russia's Role
How does OPEC+ actually set each member's oil quota? This lesson covers the two decision layers, the seven voluntary producers and the Joint Ministerial Monitoring Committee (JMMC), Russia's role beside Saudi Arabia, and how that differs from the separate Eurasian Economic Union.
Global & Regional Equity Indices: From the S&P 500 to Tadawul and Borsa Istanbul
Stock indices are built from three different weighting families: price-weighted, market-cap-weighted and free-float-weighted. Meet the S&P 500, Saudi Arabia's Tadawul and Borsa Istanbul 100, and see why their numbers can never be compared directly to Tehran's non-free-float headline index.
The Dollar Index (DXY): One Number That Usually Sends Gold the Other Way
Learn what the six currencies behind the Dollar Index (DXY) are, what it means when it rises or falls, why it tends to move opposite to gold, and how that link reaches gold and coin prices in Iran.
Brent, WTI, and the OPEC Basket: What They Are and Why Their Prices Differ
Learn what Brent, WTI, and the OPEC Reference Basket are, why their prices differ, and how oil's swings travel straight into Iran's state budget and currency market, with a worked example and dated real figures.
One Ounce of Gold in the World; Two Numbers That Set Its Price in Iran
Learn exactly what a gold ounce (troy ounce) is, why the world prices gold in dollars per troy ounce, and how that one global number, combined with Iran's dollar rate, builds the toman price of gold and coin at home.
